Commercial General Liability (CGL) insurance is a type of business insurance policy that provides coverage for a range of common risks faced by businesses. It offers protection against third-party claims for bodily injury, property damage, and personal/advertising injury. CGL is a fundamental component of a comprehensive business insurance strategy and is designed to help businesses manage the financial consequences of various liabilities. The key elements and coverages associated with Commercial General Liability insurance:
Additional Coverages and Endorsements
Depending on the specific needs of the business, CGL policies may include additional coverages or endorsements. Examples include coverage for damage to rented premises, contractual liability, and more.
Exclusions:
CGL policies typically have certain exclusions, and it’s essential for businesses to understand what is not covered. Common exclusions may include intentional acts, professional services, and certain types of property damage.
Underwriting Process
Insurance companies assess the risks associated with a business before providing coverage. Factors such as the type of business, its size, location, and the nature of its operations are considered during the underwriting process.
Policy Period
CGL policies are typically written for a specific period, often one year. The policy needs to be renewed to maintain coverage.
Commercial general liability insurance, helps protect your business from claims that it caused bodily injuries or damage to another person’s property.
A&K Insurance provides clear and transparent communication about policy terms, conditions, and coverage limits and explains insurance jargon in plain language to ensure customers understand their policies.
A&K Insurance At A&K Insurance Agency, we offer Personal Auto, Home Insurance as well as commercial coverage. Our mission is to offer better coverage at a reasonable price to our customers. With our fast-growing carriers Network, we fulfill our customer's needs.
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