Which of the following is not covered by CGL policies?

In general liability insurance, specifically Commercial General Liability (CGL) policies, there are certain exclusions that are important to recognize. One notable exclusion is fraud committed by the insured. CGL policies are designed to protect businesses from liabilities resulting from third-party claims related to bodily injury, property damage, advertising injury, and personal injury caused by the operations of the insured or their products.

Fraudulent acts are not covered under a CGL policy because insurance is designed to address unintentional acts that result in harm to others, rather than intentional wrongdoing. Insurers do not provide coverage for actions that are deliberate and dishonest, like fraud, since these actions represent a violation of trust and are often illegal.

In contrast, advertising injury refers to offenses in the course of advertising and promotion, injury to third parties includes any physical harm to individuals outside the business, and property damage pertains to damages inflicted on others' physical belongings. Each of these categories aligns with the fundamental purpose of a CGL policy, which is to protect businesses from the unintentional consequences of their operations. This understanding clarifies why fraudulent acts would fall outside the scope of what a CGL policy is designed to cover.