Today, the world has become more competitive for businesses, along with the increased litigation risks. It is imperative for businesses to have commercial general liability insurance to protect themselves against the financial consequences arising from various risks. The type of liability risks may vary depending on the nature of the business, the industry it belongs […]
What is a vicarious liability in CGL policy?
Business owners, even when not directly involved, often bear vicarious responsibility for liabilities stemming from the negligence and mistakes of employees, agents, and other parties associated with the business. Vicarious liability can be a huge financial burden for businesses if liability insurance is not in place. Hence, Vicarious Liability in CGL Policy is a cover […]
What parts of automotive liability are covered and not covered under CGL?
Overview A Commercial General Liability (CGL) policy does not typically cover automotive liability related to ownership, maintenance, or use of vehicles. Instead, such exposures are handled through a separate Commercial Auto Insurance or Business Auto Policy (BAP). ✅ What’s Covered: Premises liability from vehicle loading/unloading (in some cases) Vicarious liability when a contractor or third […]
What is a Commercial General Liability Policy?
Commercial General Liability Policy (CGL) protects your business against any liability arising from third-party for bodily injury or property damage and personal injury caused to them. It means, if your company, product, your work, or anything associated with your business causes injury to someone like your client or their property, you could be legally held […]
Amazing Tips For Buying Right Commercial General Liability Insurance
Running a small business is not the bed of roses as every day new challenges arise in the business landscape and you make mistakes often. But you can take definite action by purchasing commercial general insurance in order to tackle third-party liability claims against your business. Being a small business owner, you often overlook or […]
What Are The Perils of Commercial Liability for a Company?
If you own business factory or even a retail store, that you may have faced complaints of bad products causing damage and injury to them. A visiting customer getting injured while going through your store or factory. Such incidents are the perils considered under commercial terms, where a business owner or corporate could become liable […]