General Liability Insurance
General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.
Most small companies need this insurance, especially if you rent or own an office or commercial space. And many client contracts include requirements for general liability insurance.
Even if these don’t apply to you, small businesses that work directly with clients and customers usually benefit from commercial general liability insurance, also known as a CGL policy. This insurance policy can keep your company financially stable if you’re sued by a customer or competitor.
What does commercial general liability insurance cover?
General liability insurance provides coverage for common liability claims from third parties (people outside your business).Commercial general liability insurance covers legal defense costs if someone sues over a bodily injury, property damage, or advertising injury. Your CGL policy can pay for everything from hiring a lawyer to court-ordered judgments and settlements.
Third-party bodily injury:
If a customer is hurt in an accident involving your business, general liability insurance can help pay for medical expenses. It also covers legal expenses if a customer sues over the injury.
Example: A customer trips over a carpenter’s toolbox and breaks a leg. The doctor’s bills add up fast, so the customer sues to recoup their losses. Your policy can cover the cost of medical expenses, including the emergency room bill.
If the customer refuses your assistance and opts to sue at a later date, your policy can help cover the legal bills.
General Liability
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.
Workers' Compensation
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.
Commercial Auto
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.
Business Property
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.
Excess Liability
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.
Inland Marine
Commercial general liability insurance (CGL) covers common lawsuits that arise from everyday business activities. It protects against customer injuries, damaged customer property, however, many exclusions still apply.