General Liability Insurance
General liability insurance or Commercial Liability Insurance can cover your business and clients by providing financial assistance when the unexpected happens. Without general liability insurance for a business, you risk depleting your company’s cash reserves or going out of business in the worst-case scenario.
Commercial General Liability Coverages
Commercial general liability insurance typically provides coverage for:
- Third-party property damage: Commercial general liability insurance may provide repair or replacement costs if your business is responsible for damaging others’ property.
- Third-party bodily injury: Commercial general liability coverage may pay for medical expenses if your business is responsible for a third-party bodily injury (e.g., an injury occurring at your business).
- Personal and advertising injury: Commercial general liability insurance may provide coverage if your business is sued for a personal or advertising injury (e.g., slander, libel, or copyright infringement).
In addition to providing compensation for damages, general liability insurance for businesses may pay associated legal fees (e.g., attorney fees, settlements and judgments). If you want to know more about general liability insurance coverage, check out our dedicated blog.
Why General Liability Insurance for Business Is Important?
Although commercial general liability insurance typically isn’t required by law, some business licenses may require coverage. Or a landlord may require proof of business insurance before offering a lease.
Commercial general liability coverage may also help you avoid paying for unexpected losses out of pocket. Reach out to your agent for additional information on how commercial general liability insurance may mitigate your business’s risks. We can help you secure the coverage that is right for you.
How to Get Commercial Liability Insurance?
At Exceed Insurance, we specialize in offering you with customized business insurance coverage suiting your needs. Contact us today to learn more about the commercial liability insurance requirements and cost for your business. We will offer you a personalized quote as per your requirements.