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General Liability Insurance, particularly applicable to the construction industry, is a specific type of coverage that safeguards construction businesses against financial losses due to liability claims. These losses may arise from bodily injuries or property damages that occur on the construction site. It can also extend to cover slander, defamation or false advertising claims. Moreover, in the event of any such undesired incidents, the insurance policy is responsible for handling lawsuits and paying out the settlements. However, it's essential to note that general liability insurance doesn't cover damages due to professional errors or employee injuries; these would fall under professional liability insurance and workers' compensation, respectively.

In the construction industry, a release is a legal instrument that acts to terminate any legal liability between the releasor and the releasee, signed by the releasor. It is often used to settle disputes or claims, with one party agreeing to release the other from any existing obligations, responsibility or further legal action in return for a negotiated compensation. It may also refer to a point in a construction project where work is considered complete to a given level, allowing for payment or the transfer of responsibility to the next party involved in the process.

Bottom-of-Chain or Low-Tier in the construction industry refers to the lowest level of subcontractors or suppliers involved in a construction project. They are at the end of the construction chain, typically providing specific services or materials as subcontracted by higher-tier companies. These can include specialized tasks like electrical work, plumbing, landscaping, or supply of construction materials. Their work is crucial as they lay the foundation for more complex tasks to be executed by upper-tier contractors. They are also bound by the contracts in place, like other members of the chain, although directly managed by mid-tier subcontractors instead of the main contractor.