Business liability insurance, often referred to as commercial general liability (CGL) insurance, is a fundamental type of business insurance that provides coverage for common risks and liabilities that a company might face. 

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Key Coverages:

• Bodily Injury:

  • Covers medical expenses, legal fees, and settlements or judgments if someone (other than an employee) is injured on the business's premises or due to the business's operations.

• Property Damage:

  • Covers costs associated with damage to someone else's property caused by the business's operations, products, or employees.

• Personal and Advertising Injury:

  • Provides coverage for claims related to non-physical injuries that result from the business's operations, such as libel, slander, copyright infringement, and false advertising.

• Medical Payments:

  • Covers medical expenses for injuries that occur on the business's premises, regardless of who is at fault. This coverage is usually limited to smaller amounts than bodily injury coverage.

Additional Features:

• Legal Defense Costs:

  • Covers the cost of defending the business in lawsuits, including attorney fees, court costs, and settlements or judgments, even if the claims are groundless.

• Completed Operations:

  • Provides coverage for bodily injury and property damage that occur after the business has completed a job and the work has been handed over to the customer.

• Products Liability:

  • Covers claims of injury or damage caused by products sold or manufactured by the business.

Who Needs General Liability Insurance?

• Small Businesses:

  • Small business owners, including sole proprietors and independent contractors, benefit from coverage due to their vulnerability to claims.

• Large Corporations:

  • Larger businesses often need higher coverage limits due to the greater risk exposure.

• Almost all industries, from retail and hospitality to manufacturing and construction, require some form of general liability insurance.