In terms of coverage, what does the term "named insured" refer to in a CGL?

The term "named insured" in a Commercial General Liability (CGL) policy specifically refers to the primary policyholder explicitly listed in the insurance documentation. This is essential because the named insured is generally the entity or individual that owns the policy and therefore is directly covered under its terms. The named insured has the right to make changes to the policy, report claims, and is the first party to receive any benefits provided by the insurance coverage.

This distinction is crucial because it defines the primary party that holds the responsibility of the policy and the protections it affords. In many cases, this could be the business itself, such as a corporation or partnership, that is responsible for the activities of its employees and operations.

In contrast, the other answer options refer to parties who may be connected to the policy or the business but do not hold the same status as the named insured. Employees, legal representatives, or individuals working under the umbrella of the policy may have protections under the policy, but they don't carry the same status as the named insured who is the primary entity recognized by the insurer in the coverage agreement.