General Liability Insurance

General Liability can be thought of as the foundation of a company’s commercial insurance coverage. General Liability protects against a range of risks that a company may face, covering both defense costs and damages associated with a claim. A CGL (comprehensive general liability) policy is an essential first component when a company begins looking into commercial insurance.

One category of risks that CGL provides protection for would include bodily injury and property damage. Examples of this would include claims from a ‘slip and fall’ accident or damages you may be responsible for as a tenant in a rented space. Product and Completed Operations coverage is also associated with CGL policies. Product and Completed Operations protects against bodily injury and/or property damage stemming from the failure of your sold product or completed work that your company has done for a customer.

Another category of risks that CGL will protect against are personal injury and advertising risks. An example of this type of risk would include a claim stemming from advertising potentially deemed as libelous or infringing on another party’s intellectual property.

It is important to note that tailoring coverage to a company’s specific risks becomes crucial when discussing these issues. This is where BIBSMA comes in. If you are ready to discuss how you can best protect the company you have built, be sure to click the contact tab and let us know where we can help you.