Insurance that protects businesses against claims of bodily injury, property damage, and personal or advertising injury caused by business operations, products, or events on business premises. CGL is one of the most fundamental coverages for any business.
Related Terms
Business Owners Policy
A bundled insurance package designed for small and mid-sized businesses that combines general liability, commercial property, and business interruption coverage into a single, cost-effective policy. A BOP is typically cheaper than buying each coverage separately.
General Liability Insurance
A broad form of business insurance that covers claims of bodily injury, property damage, and personal injury arising from your business operations or premises. It protects against lawsuits from customers, vendors, or other third parties and is often required by contracts and leases.
Product Liability Insurance
Insurance that protects manufacturers, distributors, and retailers against claims that a product they sold caused bodily injury or property damage. It covers legal defense costs, settlements, and judgments even if the product was used incorrectly by the consumer.