General liability insurance, also known as commercial general liability insurance (CGL), is a type of insurance policy that provides coverage to businesses for claims of bodily injury, property damage, and personal and advertising injury. This type of insurance policy helps protect businesses from financial loss in the event of a lawsuit or claim against them.
General liability insurance typically covers expenses related to legal defense and settlements or judgments if a claim is made against the business. It can also cover medical expenses and damages related to bodily injury or property damage that occurred as a result of the business operations.
Businesses of all sizes and industries can benefit from having general liability insurance. It is often required by contract or lease agreements, and can help protect the business’s assets and reputation in the event of an accident or injury. The cost of general liability insurance can vary depending on factors such as the type of business, location, and coverage limits.