subject: Understanding Commercial General Liability Insurance [print this page] Commercial general liability exists to protect business owners. Many business owners are familiar with various types of insurance for their business and yet still have some confusion about what exactly commercial general liability insurance covers and why it is necessary. Commercial general liability is one of the best types of insurance for a small business. If you are a new business owner and are in the process of starting your business from the ground floor up, you will benefit from researching insurance companies to check out commercial general liability insurance rates and coverage.
When it comes to insurance for businesses, commercial general liability insurance is the umbrella insurance which covers many different aspects of your company. This type of insurance will cover personal injury and property damage, bodily damage and harm, and advertising injury. While this may seem confusing if you are new to business insurance policies, it can benefit you significantly to learn more about it and to invest in this type of insurance for your small business.
In addition to the coverage mentioned above, commercial general liability also covers you for defense costs if you are sued and allows you to continue operating your business while you are in the midst of a lawsuit or civil claim. Advertising injury can be an iffy matter and it is always best to be protected through commercial liability insurance simply because you never know when a consumer will file a lawsuit or make a complaint which could harm your business ventures until the matter is resolved. Advertising injury includes slander and defamation, as well as wrongful advertising and copyright infringements. Mistakes happen commonly and sometimes are simply just that: mistakes. In business, mistakes happen on a daily basis because there are so many factors involved with a business. These mistakes can result from advertising, from employee practices, and accidents which occur through negligence. Negligence can happen through am employee having a bad day, not paying attention, or simply making a common error. Businesses must always be on guard and be protected through general liability insurance so that they can continue to remain in business in case a wrongful or negligent lawsuit occurs as a result of an accident or error made on the part of someone working for the business.
Insuring your small business is one of the most important aspects you need to see through as you begin the journey to becoming a business owner. Planning for the expense of monthly premiums and deductibles is a must in order to protect and secure the future for your business. Though insurance may seem like a hassling expense, you will be glad you have it in case something undesirable happens.
Insurance exists solely for the reason that if something unexpected happens, a person, family, property, or business is protected and can continue to thrive. Commercial general liability is the most common and most popular form of insurance for businesses for the simple reason that it includes a wide range of coverage and protection.
by: Casey Trillbar
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