Business Insurance is a broad name for coverages that are available to the business owner to protect against losses and to insure the continuing operation of the business. It protects your business by minimizing risks such as an accident, death of a partner, an injured employee, a lawsuit, or a natural disaster.
General liability or Commercial General Liability (CGL) insurance policy is the first line of defense against many common claims. This policy covers claims of bodily injury or other physical injury or property damage.
Who Is Covered?
The term "named insured" in a CGL insurance policy refers to the policy holder listed on the policies declarations page. Determining the legal designation of the "named insured" listed on the declarations page of the policy helps to define who will be covered under the policy.
What Additional Coverages Are Available?
Commercial general liability insurance coverage applies in the event of a claim where the insured becomes legally liable. However, the coverage does not apply to all situations where the insured is legally liable for damages. Coverage is limited to those obligations listed in the insuring agreement of the policy and not otherwise excluded from the policy. Additional coverages include but are not limited to:
- Bodily Injury
- Property Damage
- Damage to Premise Rented to You
- Fire Legal Liability
- Products and Completed Operations
- Personal And Advertising Injury