Commercial General Liability Insurance Guide: What is Covered in GL Insurance Policies?

Almost all types of businesses require some type of insurance to protect them from lawsuits, damage to customer property, customer injury, etc. You can shop around for commercial general liability (GL) insurance online. Don’t select the first quote you find. It’s important to know the terms and do your research just as you would with any other type of insurance.

The industry you are involved in plays a huge role in the policy and coverage you should look for. If you are new to the business world and don’t have a lot of experience, or have had problems with claims in the past, you need to show insurance companies that you are not going to be a risky investment and that you deserve a chance to prove yourself. . If there are red flags you are giving off, insurers may not want to cover you.

If you are not involved in any high-risk industry, you should have a better chance of getting approved by a good insurance provider. Even if your industry is considered high risk, there may still be options for you.

Keep in mind that commercial general liability insurance policies are not all created equal. A GL policy is not a “one size fits all” type of deal. A good insurance company will write a policy that meets the needs of your business as specifically as possible. There are even insurance options for those who work from home. If you run a website building company, for example, you may want a policy that protects you against defamation, slander, accidental copyright infringement, etc. Note: If you really have a history of lawsuits, it may be difficult for you to get a good policy.

What is not covered by commercial general liability insurance?

What is NOT usually covered by GL commercial insurance?

• Professional errors

• Property damage from your own business

• Employee injuries

• Employee Discrimination Lawsuits

If you want protection for your physical business property, look into business property insurance. This will help pay for the repair/replacement costs of your business-related property when it is damaged by theft, fire, and other types of weather-related events.

A workers’ compensation insurance policy is something to consider if you are concerned about employee injuries.

Where should you start your search for general liability insurance for companies, as well as other business-related coverage? There are many affordable and customized solutions at Hiscox Business Insurance. You should be able to find all the coverage you need. It’s easy to compare policies to determine which one will be best for you.

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