What form of insurance does not cover losses caused by professional services or economic losses from the insured's own defective product?

Commercial General Liability (CGL) is designed primarily to cover third-party bodily injury and property damage claims. It provides broad coverage for a range of risks that a business might face, including accidents that occur on the premises or as a result of operations. However, it specifically excludes coverage for losses that arise from professional services rendered and does not address economic losses linked directly to the insured’s own defective products.

Professional Liability Insurance, on the other hand, is structured to cover claims related to errors and omissions in the professional services provided, and would apply in situations where a client alleges that a professional's negligence has caused them financial harm. Builder's Risk Insurance focuses on property damage to a construction project during its development and does not cover professional services or economic losses from faults inherent in the construction.

Worker's Compensation covers employee injuries arising out of and in the course of employment and does not apply to the described scenario concerning economic losses or professional service failures. Thus, CGL is accurately identified for not covering the specified types of losses.