If you have a business, a general liability policy is a good way to help limit the liability for your company. This type of commercial insurance coverage is also known as commercial general liability (CGL), or simply business liability insurance. General liability policies are a good choice because they offer protection in the event of any bodily injuries or property damage that happen as a part of normal business operations. It is especially useful if your company gets sued by someone who gets hurt.
A policy like this is generally made up of five main coverage sections. They are:
- property damage coverage
- bodily injury coverage
- medical payment coverage
- defense costs coverage
- personal and advertising injury damages coverage
With this type of policy, your business has protection against claims of negligence, as well as slander and libel. Your business cannot afford to not have a general liability policy.