What is Commercial Liability Coverage?

Commercial Liability Coverage, also known as Commercial General Liability (CGL) Insurance, is a type of insurance that provides protection to businesses for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. This coverage is essential for businesses as it helps protect them from the potentially high costs of lawsuits and claims made against them.

For instance, if a customer slips and falls in a store or an employee causes damage to a client’s property while on a job, CGL can help cover the costs of legal defense and any settlements or judgments awarded. It’s a foundational coverage for businesses, guarding against various risks that can arise during everyday operations.

Given the litigious nature of our society, having adequate Commercial Liability Coverage is crucial for businesses to safeguard their assets and ensure their continuity. For specific advice and to ensure comprehensive protection tailored to particular business needs, consulting with a legal expert like those at Paul Knopf Bigger Trial Lawyers can be invaluable.

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