Commercial General Liability (CGL) policy. A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.
Whether your business is required by your landlord or you own your building, commercial general liability is an important part of protecting your business from a potential loss.
Policies are underwritten and issued in various coverage limits. Typically a landlord would require a minimum $1,000,000 / $2,000,000 limit but higher limits can be acquired if you require coverage for larger exposures. Of course your independent agent or broker can help you ascertain the proper limits and coverages needed for your business based on your daily activities and other variables based on your operations.
You should review your policy annually as your business may grow, change the scope of it’s daily activities, add a website, start selling on the internet, add more services etc. It is important to make sure your are covered properly, and at the best available premium, with a top rated carrier.
Contact an independent broker to discuss your Commercial General Liability policy and your other business insurance needs.