General Liability Insurance
General Liability Insurance Information
Unexpected liabilities, such as accidents, injuries or property damage, can cause devastating financial harm to businesses. Commercial general liability insurance is essential coverage that every company should have to protect business operations and employees. Not all general liability insurance policies are the same, so it’s vital to ensure your business has coverage for various possible risks with the appropriate insurance.
What Is Commercial General Liability Insurance?
Commercial general liability (CGL) insurance can protect your business from financial loss if you’re liable for property damage, bodily injury, or personal and advertising injury caused by your services, business operations, or employees. CGL may also provide financial protection for legal expenses that arise from liability lawsuits.
A CGL policy may protect you and your business from a variety of liabilities, including these coverages:
Third-party bodily injury—If a visitor slips and falls on a wet floor at your business, you may face severe financial damages. CGL provides coverage for physical injuries suffered by third parties on your premises from your business’s operations.
Third-party property damage—If you’re found liable for damage to someone else’s property, a CGL policy may cover damage to tangible property and coverage for its loss of use.
Personal and advertising injury liability—A CGL policy may cover offenses made by your employees, such as copyright infringement, slander, libel or malicious prosecution.
How Much Coverage Is Needed?
Your coverage limits may be different than those of other businesses. Your general liability coverage limit depends on your business, industry, location, and operational risk. The right policy coverage is essential for your business because you are responsible for any remaining costs once you’ve reached your coverage limit.
Safeguard Your Business’s Assets
Commercial general liability insurance is the protection your business needs to safeguard its hard-earned assets. Call CSI Insurance LLC at 800-589-9740 to see how a CGL policy can protect your business’s operations.