General Liability Insurance (GLI) is an important form of insurance coverage for businesses large and small. It provides protection against a wide range of risks including injury to people, damage to property, and legal costs associated with lawsuits, such as those resulting from negligence or contractual disputes.
Benefits of General Liability Coverage
GLI can help a business protect its assets, reputation, and operations by covering the costs of litigation, damages, and settlements. GLI coverage is typically broken into categories including commercial general liability (CGL), products and completed operations liability (PCOL), personal injury liability, advertising/media liability, contractual liabilities insurance (CLI), and umbrella or excess liability.
Having a reliable GLI policy in place is essential for many businesses, so it’s important to understand the different types of coverage available and ensure that you choose a policy that meets your needs. Your insurer should be able to provide advice on what type of coverage is best suited to your business activities.
Make sure that you read over all of the policy’s terms and conditions so that you understand what is and isn’t covered. It’s also important to review your policy annually to make sure that it still meets the needs of your business.
Getting Help with General Liability Insurance
Having a comprehensive GLI policy can be an invaluable resource when potential liabilities arise, providing peace of mind that your enterprise is protected. For hands-on assistance in building a general liability policy for your company or for help finding low rates on your coverage, contact our team by calling our offices or clicking on the Check Your Rates button above.
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