Commercial General Liability

Protect Your Business From Liability Claims

Running a business is a major responsibility that can involve many risks. Not only are you responsible for ensuring that your day-to-day operations run smoothly, but you are also accountable for keeping your employees and property insured from injuries and damages. At King Insurance, we can help you create a Commercial General Liability (GL) policy that is designed to safeguard the best interests of your business — so you can focus on serving your customers and increasing your profits.

Commercial General Liability from King Insurance can prevent major financial losses if your business is sued or held legally responsible in the event of bodily injury or damage. With the proper policy, you can have most medical expenses, attorney fees, settlements, and reimbursements covered. Coverages from King Insurance include:

  • Premises Liability
  • Products and Completed Operations
  • Premises Medical
  • Fire Legal Liability
  • Casualty Coverage

Other types of Commercial General Liability include Garage Keepers Liability and Employment Practices Liability. If you run an auto service operation, having Garage Keepers Liability coverage will protect your customers’ vehicles from fire, vandalism, theft, or other damages. An option like Employment Practices Liability will protect your business if an employee’s legal rights have been violated.

What Is Commercial General Liability Insurance (CGLI)?

CGLI protects your business from financial losses incurred from non-professional negligence. This type of commercial insurance coverage protects business owners and contractors from financial losses that occur with bodily injury claims, related medical costs, and/or property damage caused by your business operations. It also protects a business against advertising and personal injury liability claims, including copyright infringement, libel, and slander. These claims may be brought by any third-party who isn’t employed by the business, such as customers, landlords, and vendors. Coverage generally covers legal defense costs along with judgments and settlements.

Why Your Business Needs CGLI

A single lawsuit can have long-lasting effects on any business. Unfortunately, liability lawsuits aren’t uncommon in today’s business world. Because claims and lawsuits can stem from innumerable causes and reasons, it’s important to make sure your business is protected on all possible fronts. CGLI can be purchased as a stand-alone policy or as part of a Business Owners Policy or Commercial Package Policy. A commercial insurance company agent, such as a King Insurance agent, can discuss what each policy is able to cover and how it would be beneficial to your business and needs. It may be appropriate to combine different policies to sufficiently meet these needs. Contact King Insurance today to learn more.

Benefits Of CGLI Coverage

All business insurance policies provide many benefits to a business owner and the same can be said for CGLI coverage. The biggest benefit of this policy is it shows current and prospective customers and clients you’re a responsible business owner. If the business is responsible for causing an accident — and therefore responsible — CGLI shows you care about the customer or client’s best interests, not just the future of the business.

By establishing you care about clients and business operations at the same time, CGLI also helps provide legitimacy to the business. This coverage says, in one way or another, as a business owner, a claim isn’t worth potentially threatening the long-term health of the business.

CGLI also builds and encourages trust. While businesses usually aren’t required by law to carry this type of insurance coverage, many choose to have it because of the strong relationship it can build with clients and customers. It shows you want to avoid claims if possible but if one arises, you’re willing to take responsibility and settle the matter in an appropriate way.

Limits To CGLI

General liability business insurance does have limits, in terms of coverage areas. It doesn’t provide coverage for employees who are injured on the job, punitive damages incurred during a lawsuit, vehicle accidents, professional mistakes, intentional acts, or workmanship that is generally covered by a company’s warranty. CGLI also doesn’t cover criminal activity directed at the business, such as data breaches and vandalism.

Additional Commercial Liability

Other specialty types of Commercial Liability, for instance Liquor and Concession Liability, can aid in furthering the safety of your business’s future.

  • Liquor Liability includes covering damages and injuries in which your business is held legally responsible as a result of serving liquor, from liquor establishments to office parties/special events.
  • Concession Liability keeps your special event stand insured from damage, accidents, or accidental injuries sustained to pedestrians.

Since there are many types of liability coverages, it is important to talk with a specialist at King Insurance about the best options for your business.

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