Preferred Insurance represents multiple A rated carriers to provide you the best rates for your specific needs.Commercial general liability insurance, or CGL insurance, helps protect your business from claims that it caused bodily injuries or damage to another person’s property. This coverage is also known as general liability insurance or business liability insurance.
General liability insurance definitions can get confusing. Insurance companies are often asked, “What is general liability insurance?” We can answer this question and help you understand this coverage.
What Is the Difference Between Commercial General Liability Insurance and General Liability Insurance?
There isn’t a difference between commercial general liability insurance and general liability coverage. Both of these terms refer to the same insurance.
What Does Commercial General Liability Insurance Cover?
Commercial general liability insurance covers claims arising from injuries or damage that your business caused, such as:
* Damage to someone’s property
* Bodily injury
* Personal injury, like libel and slander
* Advertising injury
These kinds of claims are more common than you think. In fact, they can come up during normal business operations.
If a customer sues you,, commercial general liability insurance coverage can help pay for your:
* Attorney and defense costs
* Evidence and documents gathering
* Medical payments
These expenses can add up, and your costs can rise if it takes a long time to resolve the case. Even if your customer drops their lawsuit, you’ll still have legal defense costs, like attorney fees. That’s why commercial general liability insurance is important. General liability insurance helps small business owners navigate lawsuits and claims. Without it, your business and its assets are at financial risk.