Commercial General Liability Insurance (CGL)
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What is Commercial General Liability Insurance (CGL)?
General Liability Insurance is a fundamental coverage that protects small business owners against a range of common risks, including bodily injury, property damage, and personal and advertising injury claims made by third parties. This essential insurance helps safeguard your business from potentially devastating financial losses due to lawsuits or claims. Ready to secure your business? Get a Quote today and enjoy peace of mind.
Why do I need General Liability Insurance for my Business?
General Liability Insurance is essential for every business, regardless of its size, because it provides a critical layer of protection against a range of common risks. This insurance is your business’s first line of defense against potentially crippling financial consequences that can arise from legal claims made by customers, vendors, or even bystanders. The key benefits of having General Liability Insurance include:
- Protection from Financial Loss: It covers legal fees, settlements, and medical expenses associated with third-party claims. This means your business can continue operations without the debilitating costs of lawsuits.
- Business Reputation: Carrying General Liability Insurance demonstrates to clients and partners that your business is responsible and proactive about managing risks. This can enhance your credibility and foster trust.
- Compliance: Many businesses must meet contractual obligations requiring General Liability Insurance from landlords, lenders, or clients. This coverage ensures you meet these requirements seamlessly.
Is your business fully equipped to handle unexpected claims? Contact Us to explore how General Liability Insurance can fortify your business.
Is Commercial General Liability Insurance Required by Law?
The requirement for General Liability Insurance varies by state and industry. In many areas, especially when dealing with government contracts or operating in sectors like construction and healthcare, this insurance is not just recommended but mandated by law. These regulations ensure that businesses have the necessary financial protection to cover damages or injuries they might cause to others.
For instance, in California and New York, contractors and certain other businesses may be legally required to maintain General Liability Insurance to operate. Understanding and complying with these legal requirements is crucial not only for legal compliance but also as a foundation for protecting your business assets and future.
Are you unsure about the legal requirements in your state? Contact Us for state-specific guidance and support.
What Does General Liability Insurance Cover?
General Liability Insurance typically covers:
- Bodily Injury: Costs related to injuries that occur on your business premises or due to your operations.
- Property Damage: Expenses from damage your business causes to someone else’s property.
- Personal and Advertising Injury: Liability for slander, libel, and copyright infringement.
Want to dive deeper into what this coverage can do for you? Download Our Free Guide to General Liability Insurance.
What Does General Liability Insurance Not Cover?
While General Liability Insurance is comprehensive, it doesn’t cover everything. Common exclusions include:
- Employee Injuries: Covered by Workers’ Compensation Insurance.
- Professional Errors: Addressed by Professional Liability/Errors & Omissions Insurance.
- Auto Accidents: Handled by Business Auto Insurance.
Understanding what isn’t covered helps you make informed decisions about additional insurance needs.
How Much Does General Liability Insurance Cost?
The cost of General Liability Insurance varies based on several factors, including:
- Business Size and Location: Larger businesses or those in higher-risk areas may face higher premiums.
- Industry and Risk Level: High-risk industries like construction have different premium rates than lower-risk sectors.
- Coverage Limits: Higher limits mean higher premiums but better protection.
Curious about how much this essential coverage will cost your business? Get a Quote to find out.
Get the Best Insurance Coverage for Your Business
Managing multiple types of business insurance is easier when you have a knowledgeable partner by your side. Whether you need General Liability, Workers’ Compensation, or Cyber Liability Insurance, we streamline the process for comprehensive protection.
General Liability
Property Insurance
Workers Compensation
Business Auto
Professional Liability / E&O
Cyber Liability
Employment Practices Liability
Commercial Umbrella
Directors & Officers (D&O)
Find Business Insurance by Industry
From construction and retail to IT services and healthcare, we offer tailored General Liability Insurance solutions for a wide range of industries. Discover how our coverage meets the unique needs of your sector.
Amazon Marketplace Sellers
Architecture and Engineering Services
Automotive Services and Repair
Beauty and Personal Care
Cleaning and Maintenance Services
Construction and Building Services
Consulting Services
Educational Institutions and Services
Entertainment and Media
Financial and Accounting Services
Fitness and Wellness
Food Service and Hospitality
General Contractors and Trades
Healthcare Professionals
IT and Technology Services
Insurance Agents and Brokers
Landscaping and Horticultural Services
Legal Professionals and Firms
Real Estate and Property Management
Why CaddieInsurance?
Online Access
No more papers to keep track of! Manage your policy online through the CaddiePortal, our proprietary customer portal.
Backed by Giants
We’re pioneering the future of small business insurance online while being part of XYZ Intl, the 2nd largest insurance broker, ensuring you get the reputable coverage you need.