Orlando Harmon
General liability insurance, also known as business liability insurance or commercial general liability insurance, is a type of small business insurance that can help protect businesses from claims involving bodily injuries and property damage. It can also help cover medical expenses and attorney fees resulting from bodily injuries and property damage for which your company may be legally responsible.
| Characteristics | Values |
|---|---|
| Type of insurance | Small business insurance |
| Other names | Business liability insurance, commercial general liability insurance, comprehensive general liability (CGL) |
| What it covers | Claims of bodily injury, property damage, medical expenses, attorney fees, legal fees, settlement costs |
What You'll Learn
General liability insurance (GLI)
GLI can help cover the costs of medical expenses and legal fees resulting from bodily injuries and property damage for which your company may be legally responsible. This includes injuries that occur on the business's premises, such as a customer slipping and falling, as well as injuries caused by your products or services. GLI can also cover property damage protection, which pays for any damage caused to other people's property while you're on the job.
GLI is an important type of insurance for small businesses, as it helps to financially protect your business if you are sued. Without GLI, your business would have to pay out of pocket for costly claims that could arise during normal business operations. GLI can help cover these claims and provide peace of mind for business owners.
You can typically get GLI as a standalone policy or bundle it with other key coverages through a Business Owner's Policy (BOP). It is a comprehensive type of insurance that covers a wide range of risks that small business owners face. By having GLI, businesses can protect themselves from financial losses and ensure their operations run smoothly.
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Commercial general liability (CGL) insurance
General liability insurance, also known as commercial general liability (CGL) insurance, is a type of small business insurance that can help protect businesses from claims. It is considered comprehensive business insurance, though it does not cover all the liability risks that a business may face.
CGL insurance provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises. For example, if a customer slips and falls on your premises or gets injured from a falling object, CGL insurance can help cover the medical expenses. It may also cover you if you are held liable for damages to your landlord’s property.
CGL insurance can also help protect your business if you’re sued. Your CGL policy can help pay for your legal fees and settlement costs. Without CGL insurance coverage, your business would have to pay out of pocket for costly claims that could come up during normal business operations.
You can get CGL insurance as a standalone policy or bundle it with other key coverages through a Business Owner’s Policy (BOP).
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Business liability insurance
General liability insurance, also known as business liability insurance, is a type of small business insurance that can help protect businesses from claims involving bodily injuries and property damage. It is considered comprehensive business insurance, though it does not cover all the liability risks that a business may face.
General liability insurance helps cover costly claims that can come up during normal business operations. For example, it can help pay for medical expenses associated with a bodily injury that your business may have caused, such as a customer slip and fall. It can also cover medical expenses and attorney fees resulting from bodily injuries and property damage for which your company may be legally responsible. This includes injuries or damage caused by your products, services or operations.
General liability insurance can also help protect your business if you’re sued. Your policy can help pay for your legal fees and settlement costs. Without general liability insurance coverage, your business would have to pay out of pocket for these costs.
You can get general liability insurance as a standalone policy or bundle it with other key coverages through a Business Owner’s Policy (BOP).
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Small business insurance
General liability insurance, also known as commercial general liability, is a type of small business insurance that can help protect businesses from claims. It helps financially protect your business if you’re sued, and can help pay for legal fees and settlement costs. Without general liability insurance, your business would have to pay out of pocket for costly claims that could come up during normal business operations.
General liability insurance can help cover claims that your business caused bodily injury or property damage. It can also cover medical expenses and attorney fees resulting from bodily injuries and property damage for which your company may be legally responsible. For example, if a customer slips and falls on your premises, or if your products cause illness or physical harm. It may also cover you if you are held liable for damages to your landlord’s property.
You can get general liability insurance as a standalone policy or bundle it with other key coverages through a Business Owner’s Policy (BOP).
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Comprehensive general liability insurance
General liability insurance, also known as business liability insurance, commercial general liability insurance or comprehensive general liability (CGL), is a type of small business insurance that can help protect businesses from claims of bodily injury and property damage. It can also help financially protect your business if you’re sued, by covering legal fees and settlement costs.
General liability insurance helps cover costly claims that can come up during normal business operations. For example, it can cover medical expenses if a customer slips and falls on your premises or gets injured from a falling object. It also includes property damage protection, which pays for any damage caused to other people's property while you're on the job, and product claim protection, covering you in case your products cause illness or physical harm.
General liability insurance can be purchased as a standalone policy or bundled with other key coverages through a Business Owner’s Policy (BOP).
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Frequently asked questions
General liability insurance, also known as business liability insurance, commercial general liability insurance or comprehensive general liability (CGL), is a type of insurance that protects businesses from claims involving bodily injuries and property damage.
General liability insurance covers a wide range of risks that small business owners face, including bodily injury and property damage. For example, if a customer slips and falls on your premises or gets injured from a falling object, general liability insurance can help cover the medical expenses.
Almost every business has a need for general liability insurance. It is particularly important for small businesses, as it can help protect them from costly claims that can come up during normal business operations.
Without general liability insurance, your business would have to pay out of pocket for any claims that may arise during normal business operations. This could include legal fees and settlement costs, which can be very expensive.
