What Does Commercial General Liability Insurance Cover?
Commercial General Liability (CGL) insurance is a fundamental policy for businesses, offering protection against various liability risks. Understanding what CGL insurance covers can help you ensure your business is adequately protected. Here’s an overview of the key coverages provided by Florida City Insurance.
Coverage for Bodily Injury and Property Damage
Commercial General Liability insurance primarily covers bodily injury and property damage claims. If a customer or third party is injured on your business premises or as a result of your business operations, CGL insurance helps cover their medical expenses and legal fees. For example, if a customer slips and falls in your store, CGL insurance would cover their medical costs and any legal expenses if they decide to sue. This type of coverage is crucial for protecting your business from costly litigation and compensation claims.
Similarly, CGL insurance also covers property damage caused by your business operations. If your business accidentally damages a client’s property, such as spilling a drink on a customer’s laptop during a service visit, CGL insurance can cover the repair or replacement costs. Florida City Insurance provides comprehensive CGL policies to ensure that your business is protected against these common risks, helping you manage potential financial liabilities and maintain business continuity.
Coverage for Personal and Advertising Injury
In addition to bodily injury and property damage, Commercial General Liability insurance covers personal and advertising injury claims. Personal injury includes claims related to defamation, slander, or false advertising that might harm someone's reputation. For instance, if a competitor alleges that your advertising is misleading or defamatory, CGL insurance can cover the legal costs and potential settlements related to such claims.
Advertising injury coverage protects against claims arising from your advertising practices, such as copyright infringement or trademark violations. If a marketing campaign inadvertently uses copyrighted material without permission, leading to a lawsuit, CGL insurance can cover the associated legal expenses. Florida City Insurance’s CGL policies are designed to provide broad protection against these types of risks, ensuring that your business is shielded from various legal and financial challenges. By understanding the comprehensive coverage offered by CGL insurance, you can better safeguard your business against potential liabilities and legal issues.