Commercial General Liability insurance is designed to protect business owners and operators from a wide variety of liability exposures. These include liability arising from an accident resulting from the insured’s premises or operations, products sold, completed operations or projects and contractual liability. Business owners should never be with general liability insurance for their business.
A general liability policy (CGL) is most likely the first policy you will purchase to protect your business and its assets. A standard CGL policy is separated into three sections.
• Coverage A: Bodily Injury & property damage
• Coverage B: Personal & advertising injury
• Coverage C: Medical payments
While the most common limit for a CGL policy is $1M per occurrence with a $2M aggregate*. (*The maximum the insurance company will pay during a policy period) Commonly, your policy limits will depend on who you are doing work for. This is especially true for contractors and similar businesses. At Gnade Insurance we will help determine the best coverage and company for your company’s specific needs. Contact our sales team today for a no obligation business insurance consultation. 815-277-8501 or firstname.lastname@example.org.
Gnade Insurance has a helpful staff and much more responsive service than a larger insurance provider!
- Jonathan Wilson, 1/24/2012