What is Commercial General Liability Insurance? – Zupnick Associates

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This is a type of insurance taken by businesses to give protection against financial losses as a result of damage to property or causing of human injuries by the company.

It is a common type of insurance that you as a business investor can use to secure yourself from suffering from lawsuits that may be as a result of damage or injury.

Take an example where for instance an individual coming into your business premises trips over, falls and is injured due to negligence on your part. The individual has a right to sue you in court for reparations. You might try hard to reduce such occasions by eliminating such hazards. However, it is not possible to effectively remove all the risks involved.

The only way that you could suffer less from such occasions is through purchasing commercial general liability insurance.

What Does Commercial General Liability Insurance Cover?

The coverage of general commercial liability is based on the limits of the policy cover taken as initially agreed between you and your insurer. Nonetheless, this cover strives to protect you from losses regarding costs of reparations if you are found liable in the lawsuit presented in court.

The policy goes ahead to cover your legal defense in court as well. The policy for this insurance is to cover the physical injuries that may occur to clients and even workers on the premises. Insure against advertising injury that may be received as misleading, malicious, infringement of copyrights and also the use of another person’s advertising idea. It covers property damage by your employees or business equipment outside the business.

Additionally, it provides for medical compensations on your behalf to the affected parties.

Why You Should Purchase Commercial General Liability Insurance

It is essential in this times that you put focus on important aspects of your business to ensure continued success. You can only achieve this by having undivided attention on issues that matter.

It is for this reason that the commercial general liability insurance exists at your disposal. It caters to this nitty-gritty, such as settlement cases and helps solve them in time to avoid their escalation. Having a cover such as this provides a convenient working environment for your employees as well. In the same line, it portrays a good impression of your business to the outside world that could contribute to market growth.

 Contact us today for more information about commercial general liability insurance

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