HOW DOES COMMERCIAL GENERAL LIABILITY INSURANCE PROTECT YOUR BUSINESS?
Commercial General Liability (CGL) insurance protects a business from financial loss due to third-party claims of bodily injury, property damage, or personal/advertising injury. It covers the costs of defending against a lawsuit and any settlements or damages that may result from the lawsuit. This type of insurance is crucial for protecting a business from potential financial ruin due to unexpected lawsuits.
Our services extend to Dallas, Plano, Irving, Collin, Denton, Ellis, Hunt, Kaufman, Rockwall counties, and beyond, providing comprehensive coverage for general liability insurance needs.
WHAT DOES COMMERCIAL GENERAL LIABILITY INSURANCE COVER?
Commercial General Liability (CGL) insurance typically covers the following:
- Bodily Injury: Coverage for third-party claims of physical injury sustained on your business premises or due to your business operations.
- Property Damage: Coverage for third-party claims of damage to someone else’s property caused by your business operations.
- Personal/Advertising Injury: Coverage for claims such as defamation, invasion of privacy, or copyright infringement arising from your advertising activities.
- Defense Costs: Coverage for the costs of defending against a lawsuit, regardless of its validity, even if the case is later determined to be without merit.
It’s important to note that CGL policies have limits and exclusions, and it’s recommended to review the policy carefully to understand what is and isn’t covered.
DOES YOUR SMALL BUSINESS NEED GENERAL LIABILITY INSURANCE?
Yes, a small business can benefit from having General Liability insurance, also known as Commercial General Liability (CGL) insurance. While a small business may not have the same level of risk as a larger corporation, it can still face the possibility of third-party claims for bodily injury, property damage, or personal/advertising injury.
General Liability insurance can help protect a small business from the financial impact of such claims and associated legal costs, which can be substantial. Additionally, many clients and customers may require proof of liability insurance before doing business with a small company, making CGL insurance a necessary part of doing business for many small companies.
In short, having General Liability insurance is a smart investment for small businesses to help manage the risks inherent in their operations and protect their financial stability.
