Why your business should have a CGL
General liability coverage, commercial general liability, CGL… What is it? One of the smartest investments you can make in your business! Here’s why…
Just like insurance for your vehicles and your home, it’s important to ensure your business. All businesses should have liability coverage including home-based businesses–many of which aren’t insured at all. Your homeowner’s insurance policy may have liability coverage, but a standard homeowner’s policy doesn’t cover business-related claims.
Businesses of all sizes benefit from commercial general liability insurance, or CGL, which protects your company against a number of common risks that can threaten the business you’ve worked so hard to build. Additionally, it’s common for CGL insurance to be a requirement for commercial leases, financing, or for work contracts where the company you are contracting for may ask you to be additionally insured.
A CGL policy protects you and your business in case there is a lawsuit or liability claim against you. If you are found liable for property damage or personal injury caused by your services, business operations, or your employees, commercial general liability coverage is there to protect you. The coverage protects your business from events such as onsite injury, wrongful entry, slander, libel, copyright infringement, and claims of false or misleading advertising. Your liability insurance will also cover the investigation and attorney expenses if a lawsuit is filed against your business for damages.
Business liability insurance can be purchased as a separate stand-alone policy or you can bundle it with other business insurance policies. There are coverage limits, though, so make sure to work with our team to determine which plan works best for you.
Contact us today to request a free quote for your business insurance needs!
