General liability (GL) insurance provides vital protection for your business. This protection, also known as business liability insurance or commercial general ...
commercial general liability (CGL) policy - A standard insurance policy issued to ... See also Casualty insurance; Contractual liability insurance; General liability ...
Find out how general liability insurance can protect your small business from things like accidents and other mishaps.
Hiscox general liability insurance protects your business from third party claims of ... also called commercial general liability insurance, if you or your employees:.
Commercial General Liability (CGL) insurance protects business owners against claims of liability for bodily injury, property damage, and personal and ...
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Whether you need business, professional or general liability insurance, we cover ... of commercial liability insurance you need for every stage of your business.
That's why every business needs the type of coverage that The Hartford's commercial general liability insurance offers. It provides your business with the ...
Jan 11, 2012 ... What is General Liability Insurance? Liability insurance (also known as Commercial General Business Liability) protects a company's assets ...
Business liability insurance and employment practices liability insurance for corporate and small businesses.
Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business ...
General Liability Insurance protects your business assets in the event of a costly lawsuit so ... Key Details About Your Commercial General Liability Insurance.
From someone slipping and falling in your parking lot to injuries resulting from using your product, your general liability policy covers expenses related to ...
As a business, you are bound to run into problems where insurance is necessary. Every business should be investing in commercial general liability insurance. This is the most basic form of insurance, and therefore should be accompanied by Business Insurance and Professional Insurance.
However, in the case of a lawsuit or negative claim from a third party person(s), your general coverage will take care of a significant amount of the costs incurred. As a business with much to lose, it’s important that you are covered in the most basic of forms. A lawsuit can do serious damage on your reputation, not to mention your budget.
While most companies offer similar coverage options, you want to make sure the insurance you choose will take care of any basic issue that may come up. Inquire about whether the insurer you are looking to go with covers advertising injury, which will cover libel and slander. You also need to have bodily injury, personal and property damage. The best plan will pay for damages whether they were incurred on the premises, while on the job, or using a work related product. General insurance is supposed to cover a range of injuries, thus you want to have all the basics taken care of.
It is important to note that your general insurance will cover your defense and settlement of claims whether they are true or not. Because there is much discretion left to the customer, there is a good deal of opportunity for them to be unsatisfied and claim a false problem.
Also covered are suits filed by employees and shareholders. As a public company, you are in a vulnerable place. When that becomes a problem, you can rest easy knowing your insurance covers you, regardless of who is putting you on the defense.
Some companies offer combined insurances so you can have more than the basic coverage while still getting a good price. For example, purchasing general liability along with business property will cover you in the case of property damage. The insurances combined will cover the assets of your business, regardless of what happened, not just the defense and court fees. These sorts of combined insurances are usually for larger businesses; often this is available for companies with $3million in annual revenue or more.
The most noteworthy claim not covered under this insurance is errors and omissions insurance. In the case that your business is found at fault for providing mistaken guidance, negligence or did not perform duties as were expected by the customer. If you are in the service industry, it would be a smart idea to also add this insurance into your protection plan. However, commercial general insurance should cover your basic insurance needs, which is often enough for most businesses.
When looking to purchase commercial general liability insurance, you can expect to find a lot of the same from most companies. However, finding an insurer that will offer bulk insurances, or other features such as safe business courses, will help make the decision a bit easier. To start your search, please feel free the look through our list of approved insurance vendors.
As a business it’s important that you have coverage for the most basic of problems. That’s why it would be a smart idea to invest in commercial general liability insurance. This coverage will pay for any costs incurred in the case of personal, bodily, and property damage. Also covered is advertising injury, such as libel or slander. A public company, such as yourself, is often in a vulnerable place, and being covered will allow you to breathe easy.
Though you may assume you’ll never need the coverage, it’s important to remember that customers, stockholders and employees can file a claim, whether true or false, against you at any point. When that happens, you are looking at a significant amount of court and defense fees. Because the accusations are often objective, you are immediately on the defense. Take a moment to browse our approved commercial insurance merchants to the left.
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