Can I purchase a commercial general liability policy with a business owner's policy?
Answer: Yes, you are able to purchase a CGL along with a business owner's policy, as part of a commercial package policy, on its own as a standalone policy, or in combination with other business insurance policies such as a commercial excess policy.
Will a CGL policy cover the costs of my legal defense?
Answer: Yes. A commercial general liability policy covers the financial payments for your legal defense. If you are found liable a CGL policy will also cover the damages assessed by the court up to the limits of your policy.
What is bodily injury and property damage liability coverage?
Answer: These coverages protect your business against any losses arising from where your business is found legally liable.
Does a bodily injury and property damage liability coverage include legal expenses?
Answer: Yes, these policies should cover reasonable legal expenses in your defense.
Will a CGL policy include personal and advertising injury? and employment practices liability?
Answer: A CGL often includes a personal and advertising injury liability policy. This often protects a business that carries CGL insurance from things such as: copyright infringement, slander/libel, malicious prosecution, use of a competitor's advertising idea, and invasion of privacy.
Does a CGL policy include medical payments for injuries?
Answer: A commercial general liability policy often will include medical payments for non-employees who are injured on your property or during the course of any business operation. This coverage is limited and doesn't require legal action to be activated, helping a business settle small claims before any litigation proceedings. The medical payments might include necessary and reasonable ambulance, medical, surgical, hospital, professional nursing, or funeral expenses in the unfortunate event of a loss of life.
Are there other types of liability coverage I can get along with my commercial general liability policy?
Answer: Yes there are. You can have a commercial general liability policy and in addition add other liability coverages such as:
➤ Directors and Officers Liability – This coverage helps protect any past or future directors and executive officers from any assessed damages which resulted from their time with your company. This type of coverage is available for nonprofits and for-profit corporations alike. It is also possible to find coverage that extends to employees as well.
➤ Liquor Liability – If you make, sell, serve, or allow employees and friends to consume alcohol on your premises you might consider this additional liability to protect you from claims of an intoxicated person injuring themselves or others. Your commercial general liability will most often not protect your business from liquor-related damages.
➤ Pollution Liability – You may not mean to, but your business could bring harm to the environment, putting your company at risk for damages related to the unintended pollution whether it is sudden or gradually developing. This coverage often also covers pollution hazards that result in bodily injury, property damage, or additional costs related to clean-up efforts.