
CGL (Commercial General Liability) Policy
A Commercial General Liability (CGL) policy is a type of insurance that protects businesses from financial losses due to claims of bodily injury, property damage, or personal injury caused by the business's operations, products, or accidents on its premises. For example, if a customer slips and falls in a store or if a product harms someone, CGL insurance can cover legal fees and damages. It's essential for businesses to have CGL insurance to safeguard against unexpected lawsuits and to ensure they can continue operating without devastating financial impacts.
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A Commercial General Liability (CGL) policy is a type of insurance designed to protect businesses from financial losses due to claims of bodily injury, property damage, or personal injury that occur on their premises or as a result of their operations. For example, if a visitor is injured on your business property or if your product damages a customer’s property, the CGL policy helps cover legal fees, medical expenses, and settlement costs. It’s essential for businesses to safeguard against unforeseen incidents that could lead to significant financial burdens.