Commercial General Liability Insurance Law

Commercial General Liability (CGL) Insurance is a type of insurance purchased for the protection of your business and others that are affected by your business. The insurance, at its basic form, gives your company a little more credibility that it has a minimum adequate level of financial resources to fix or compensate when an accident or an unintentional act causes injury or damage to another person or business.  It is a business asset.

CGL insurance is usually a requirement for a business in order to do work for another business customer.  It is also usually required in order to lease or rent commercial space.

Understanding what coverage your CGL policy provides or does not provides, gives a business owner a greater ability to leverage its resources over a competitor that does not.  Understanding how to use the CGL effectively helps a company control, manage, and reduce its general and administrative expenses and increase the company’s bottom line.