What does Commercial General Liability Insurance Cover?
CGL insurance protects your company if your products or business operations cause injury or property damage. Here are some important aspects of CGL insurance.
Property/Bodily Injury Liability Coverage
Protects your company in the event of property damage or injury to people for whom your business is responsible. This coverage generally applies to accidents that happen on your business’s property or because of your operations. It can also cover accidents caused by your finished products or completed operations. This coverage pays for medical fees associated with injury, and replacement costs for damaged goods.
Legal Fee Coverage
Even if you win, lawsuits can be expensive. CGL policies will often pay for the legal cost of defending your company.
Advertising/Personal Injury Coverage
Protects your business from the costs of libel and slander charges.
Commercial General Liability insurance is vital to your business and its ongoing operations. Some clients even require proof of CGL insurance before they will enter into a contract with your business.