Popular Kinds of Business Insurance
Meet Melissa
And her Daughter Anna Kate
To sum up Melissa and her daughter Anna Kate, you could say they were ‘go-getters’. When they had an idea, they acted on that idea until it came to fruition. So when the idea came to open up a flower shop, they decided to act on it. After months of planning, they were finally ready for their grand opening.
During the grand opening, however, one customer knocked a flower pot onto her foot, breaking it and her toe. She wasn’t pleased with this and decided to sue Melissa and Anna Kate. Thankfully, before they had opened their shop, they had gone to Insurance Maestro to find commercial general liability insurance. Therefore, they were covered and could go back to selling flowers.
A Quick Guide to Commercial General Liability Insurance
At Insurance Maestro, we understand you want to find the best Commercial General Liability Insurance possible. It needs to strike the right balance between affordable and comprehensive. Our friendly team of insurance experts are here to support you, and we’re always happy to answer any questions you might have.
Learn More about Commercial General Liability Insurance
Frequently Asked Questions
about Commercial General Liability Insurance
What liabilities are not covered by commercial general liability insurance?
Typically, professional liability, environmental liability, liquor liability, and Director and Officers liabilities are not covered by CGL insurance.
Does general liability insurance include coverage for theft?
Generally speaking, theft is not covered by general liability insurance. It is classified as a first-party loss, and CGL is designed to cover you against third-party losses only.
*If you need to buy commercial coverage for theft, you can add this separately. to your commercial insurance package.
How much does it cost to buy general liability insurance for a business?
There is a range of factors an insurer will assess when they provide you with a quote for CGL. These are the most prominent:
- Your industry and the type of business you operate
- Your location and/or service area
- The past claims records of the company
- The experience you have in your sector/number of years in business
- The size of your business, including revenue and number of employees
- The type of clients or contracts you work with
- Any specific coverage levels, limitations, and policy deductibles
As you can see, there are a range of factors used to determine your individual level of risk and coverage options. If you need help working out the right levels of CGL you need to buy, then a member of the team will happily talk you through the options and present you with the best choices based on your niche, and of course, your budget.
We're Here For You
At Insurance Maestro, we want to help you find the best Commercial General Liability Insurance for your company’s needs. If you contact us directly, our team of experts will be happy to offer guidance about the different types of coverage you might need to buy.
Thinking about Commercial General Liability Insurance for your Business?
Read this first.
At Insurance Maestro, we understand the importance of buying the best commercial general liability insurance for your business. It’s one of the most important decisions you make regarding the financial protection of your company. Our expert team of commercial insurance experts are here to support you, and we’re always happy to answer any questions you’ve got about any aspect of insuring your business.
We believe your time should be spent focusing on your day-to-day operations, and we’re here to make sure the process of buying CGL insurance for your business is as easy as we can.
Quick Guide to Buying Commercial General Liability Insurance
General Liability Insurance, or CGL for short, will cover some of the most common risks an organization will face. This includes third-party injury and property damage, advertising and personal injury.
This type of insurance is designed to protect your business from costly claims, and it helps to safeguard both your professional and personal assets. You might need to buy general liability insurance as part of an agreement with a client or if you work with certain government agencies or tender for contracts where proof of insurance is required as part of an RFP.
Typical Events Covered by Commercial General Liability Insurance
Here are some of the common events that are covered as part of your general liability coverage.
- Injuries or property damage incurred while attending client meetings
- Issues arising from business advertising or promotional campaigns
- Issues caused while working with or at another person’s property
- Problems arising when you utilize a third-party venue or location for work reasons or activities
This list is by no means exhaustive, but it gives you a flavor of the types of events that could be covered.
Who Should Buy Commercial General Liability Insurance?
As the owner or director of a business, you could become personally liable if somebody is injured or their property is damaged while they are on your premises or attending one of your company events or appointments. The biggest advantage of buying CGL is that it gives you peace of mind that your personal and professional assets are safeguarded in the event of a costly lawsuit.
Even those businesses who have an LLC structure in place should buy commercial general liability coverage; this is because the structure will not give you liability coverage in the event you knowingly or unknowingly did something illegal, or you acted in what they deem to be an irresponsible manner. So, while LLCs do offer directors some protection, it does not offer the same level of protection that your business will get when it purchases a commercial general liability policy.
Got a question? We’ve got answers.
Our team of CGL insurance experts will be happy to discuss your company’s exclusive needs. Contact us today, and we’ll work through the options for you, leaving you free to focus your attention back on your business.
