Commercial General Liability Insurance
Protecting your assets is critical to the success of your business. Liability risks can arise from a variety of sources, slips and falls on your premises, product defects, and more. Commercial General Liability (CGL) insurance helps protect your business against these and other Public Civil Liability Exposures. .
Why You Need Commercial General Liability Insurance
General liability insurance helps protect your small business from civil claims of negligence made against your business alleging bodily injuries or property damage to other(s). General liability insurance (GLI) is also known as Business Liability Insurance, Commercial General Liability insurance, or Comprehensive General Liability (CGL).
Reviewing Your Liability Limits
When purchasing a Commercial General Liability policy, it’s important to select the right limits. This is where we come in. Baldon Insurance Group will work with you to determine the assets you have at risk and the proper limit amounts you should carry while keeping your insurance budget concerns in mind.
Depending on your operations, you may also need additional liability coverage. For example, the hospitality industry should also have Liquor Liability coverage as part of its insurance program. Restaurants need to make sure they are covered for foodborne illnesses and food contamination. A general contractor who manages the design-build of a project should purchase Contractor’s Professional Liability coverage, as the exposures involving professional services are not covered under a General Liability policy. We will review in detail what you need to be risk-ready.
Who Needs General Liability Insurance?
Did you know that four out of ten small business owners are likely to experience a property or general liability claim in the next ten years? Claims can range from unexpected incidents, like a burglary, to unforeseen accidents, such as a customer getting injured after slipping and falling. Many types of industries commonly need General Liability Insurance coverage to help protect their business, and meet Bank and / or Landlord lease obligations.
Mitigating Risk
We will work with you to help identify potential loss exposures and implement strategies to reduce the frequency and severity of loss. Additionally, our staff will benchmark your insurance programs against key elements (limits, deductibles, retentions, rates, and premiums) to ensure that you are effectively managing your risk.
Get a General Liability Insurance Quote Made for Your Small Business
Not all insurance companies are the same. It’s important to work with one that you can trust. Baldon Insurance Group has over 20 years of experience helping small business owners protect their companies with coverages like general liability insurance.
Whether you’re looking for a quote, trying to understand general liability class codes, or need help filing a claim, we have your back. Start a free quote today or get your general liability insurance online. We can also help you get other essential business coverages, like commercial property insurance and commercial auto insurance.
