What Is Commercial General Liability Insurance? And Why It’s Important
What Is Commercial General Liability Insurance? Commercial general liability insurance, also known as CGL, is a business insurance policy that covers services of the injured and compensates for most negligence that occurs according to law or contract. It typically provides liability coverage for a loss or a bodily injury that occurs while the policy is in place for a set period. The liability insurance can be written to cover the business for a set period or only when a claim is made. What Is Commercial General Liability Insurance? Commercial General Liability Insurance is designed to insurance business policyholders against lawsuits and other financial claims that people or employees can make against it. This, of course, is very important for businesses … Read more