What is Commercial General Liability Insurance?
Commercial General Liability Insurance (GL) is insurance coverage specifically designed to protect
businesses and property owners from most negligence claims they may face. For example, building
owners have a responsibility to the public to keep floors free of debris or other conditions that could
cause someone to fall. A wet floor without a sign showing such or frozen water on an entryway that
wasn’t properly salted might lead to injuries, then resulting in a lawsuit. That’s one example of what a
typical GL policy would cover.
All GL policies provide coverage for claims where there is property damage or bodily injury. Typically, if
there is not one of those, it’s not going to be a claim covered by a GL policy.
Companies that produce products or those that perform services also have a Product Liability and
Completed Operations exposure from the work they do. Both exposures are usually covered in a GL
policy.
Finally, to a limited extent, most GL policies also cover exposures from personal injury losses such as
libel, slander, false arrest, and wrongful entry or eviction.
Why is Commercial General Liability Insurance Important?
There are three significant reasons this coverage is important.
- First, mistakes and errors happen. It’s difficult to know what the result of a mistake or error will
be and there could be serious financial loss. A business or property owner needs this coverage
to protect the unknown. - Second, defense is covered (often without limit) in GL policies. In the event of a claim, the
defense costs can be more than any payout. Plus, having a third party (the insurance company)
overseeing your defense frees you of both expense and time. - Finally, General Liability is often contractually required and may also be required for businesses
to even get a business license. This is simply a mandatory coverage for most business owners.
- First, mistakes and errors happen. It’s difficult to know what the result of a mistake or error will
Here are some common Coverage Highlights:
- Coverage for exposures arising out of your premises
- Coverage for your operations (often covered at any location)
- Coverage for your products
- Coverage for your completed work and completed operations
- Coverage for claims resulting from work done for you by others
How Our Team Can Help:
Our experienced team of insurance professionals is here to guide you in determining your needs and finding the appropriate solution. We do this in several ways:
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
closely with you to customize an insurance plan that meets your specific needs and budget. - Risk Assessment: We will conduct a thorough risk assessment of your operations or ownership
interests to identify potential hazards and recommend appropriate coverage options. - Claims Assistance: In the event of a claim, our dedicated claims specialists will assist you
throughout the claims process, ensuring a smooth and hassle-free experience. - Expert Advice: With our in-depth knowledge of the insurance market, we can provide expert
advice and guidance to help you make informed decisions about your insurance coverage.
- Tailored Solutions: We understand that every client/situation is unique. Our team will work
Get Started Today!
Protect your investment and minimize financial risks with Commercial General Liability Insurance.
Contact our team today to learn more about our insurance solutions and how we can help safeguard
your ownership or business interests.