General Liability

As a business owner, you could easily find yourself the target of a liability claim that could bankrupt your business. Something as minor as a slip and fall on your company’s property could leave you responsible for medical bills, compensation for pain and suffering, and reimbursement for lost wages. Workers’ compensation insurance protects you when an employee is injured, but what happens if clients, customers, delivery people or other individuals suffer the same fate?

Commercial general liability (CGL) insurance is designed to protect you against liability claims from a third party. Whether you run a small business or a large corporation, liability lawsuits can easily cost hundreds of thousands of dollars in legal fees and claim payouts. CGL coverage is your first defense against the type of financial loss that could cripple your business.

How a CGL Policy Protects You

CGL coverage protects you in the following ways, helping to ensure that one liability claim won’t lead to bankruptcy:

  • Personal injury protection – Claims of libel and slander can be just as costly as bodily injury claims. A CGL policy safeguards you against personal injury claims that could lead to expensive lawsuits.
  • Bodily injury coverage – If someone is injured on your company’s property, bodily injury coverage helps pay their medical bills.
  • Property damage coverage – If damage is caused to someone’s property and you or one of your workers is at fault, CGL coverage provides protection.
  • Legal fees assistance – In some cases, the cost of legal fees can actually outweigh the amount of the original claim. Your CGL policy  can reimburse you for legal expenses.

CGL coverage is paramount to protecting you and your business. To learn more about the ways All Things Comp can help you find the coverage you need, call (731) 300-2210 or fill out the form on this page.