Different sizes of business require different levels of insurance coverage. If you’re a contractor or small business owner, commercial general liability insurance will make sure your livelihood is covered from lawsuits and liability risks. It is also linked to negligent acts that are non-professional.
Let’s say a customer visiting your office falls and hurts themselves on your property. In this instance, general liability insurance will help cover resulting legal fees and medical costs relating to the accident. Commercial general liability insurance is tied to “third-party” claims (such as a claim from the customer in this scenario).
Commercial general liability insurance can be also be connected to the following forms of coverage:
- Casualty coverage
- Fire legal liability
- Premises liability
- Premises medical
- Products and completed operations