Does your company need a Commercial General Liability?

Personal injury, property harm, and advertising injury incurred by the company’s business practices, goods, or employees are all covered under commercial general liability insurance. Many companies need commercial general liability insurance to protect themselves against financial losses caused by negligence.

In this article, we will understand Commercial General Liability insurance and the risk it imposes on your business. Dive in as we tackle one of the most-sought after insurance policies. 

What is a Commercial General Liability? 

Commercial general liability (CGL) is a form of insurance policy that protects a company against serious harm, personal injury, and property damage resulting from the company’s activities, goods, or accidents that occur on its premises. While commercial general liability insurance is called comprehensive business insurance, it does not cover all risks that a company can face.

What is covered by this type of insurance? 

• Bodily injuries 

This coverage protects you from personal injury or physical damage lawsuits arising from reckless actions related to your business operations. Physical damage isn’t the only form of bodily injury; it may also include emotional pain and mental trauma.

• Advertising liability 

This form of insurance protects the company from lawsuits stemming from serious legal violations, such as:

1. Infringement of intellectual property rights
2. Defamation
3. Defamation of character
4. Invasion of personal space
5. A vindictive prosecution
6. Arrest without authority
7. Using the intellectual property of another corporation

• Medical-related costs 

If someone other than an employee is killed on the business’s grounds, general liability insurance covers medical costs. Workers compensation will cover an employee’s expenses if they are injured at work.

More on Commercial General Liability insurance 

A commercial general liability policy, which was introduced in 1986 to replace the expansive general liability policy, is coverage that protects a company from non-professional negligence. Different types of coverage are available under commercial general liability plans. A policy may include premises coverage, which protects a company against lawsuits that arise at the company’s physical location during normal business hours. Businesses can also buy policies that cover other business risks in addition to commercial general liability policies. See more on our services offered for a full list of insurance coverage and policies.

Do you need this type of insurance?

Commercial general liability insurance protects the company financially in the event of negligence-related claims, which can ruin companies that don’t have insurance. General liability insurance should be purchased for all small companies.

Logos Insurance Services is one of the fastest-growing commercial insurance firms in Southern California. We have appointments in many states and can write commercial policies all over the world. Call us at (818) 288-8293 or visit our website www.logosinsure.com/commercial-lines/commercial-general-liability for more information on how Logos Insurance Services can help keep your company healthy.