Commercial general liability insurance is a fundamental and essential component of every business’s risk management strategy. Irrespective of the industry type and size, businesses are exposed to a wide variety of risks that can result in liabilities. CGL policy coverage gives protection to businesses against a range of liability exposures. Commercial general liability insurance is […]
Articles Tagged: commercial general liability
How is the claim value arrived at for machinery breakdown policy?
Claim in Machinery breakdown insurance policy covers loss due to sudden and accidental machinery damage. Damage could be a result of internal and external causes. The cover is offered for machinery in both workings and in rest conditions. We have highlighted a few situations below that lead to machinery damage – Short circuits, excess voltage, […]
What does products-completed operations aggregate mean?
Any firm involved in product manufacturing and sale can be the subject of a product liability claim. When a firm receives a product liability claim, it means that someone has filed a claim against the firm alleging that a product it made and sold is defective. The claim can say that such a defective product […]
A Brief Guide To Commercial General Liability Insurance
The commercial general liability insurance policy offers protection to business owners by covering the defense cost and other legal costs arising due to third-party liability and product liability claims. It also provides coverage against premises liability claims arising due to injury or damage. If your business involves face-to-face interactions, invites visitors or clients at your […]
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 […]