Commercial general liability (CGL) insurance protects your business from claims of bodily injury and property damage that are brought by third parties. CGL policies are almost always “occurrence-based” policies, which means they provide coverage for injury or property damage resulting from an event or occurrence that happens during the policy period.
Discrimination lawsuits against employers are increasingly common in the modern workplace. The U.S. Equal Employment Opportunity Commission (EEOC)reported 81,055 new workplace discrimination charges in FY 2023, up 10.3% from the previous year.
Insurance contracts generally require that policyholders provide the insurer with proper notice of a claim and, in many cases, an occurrence that may lead to a claim. Insurance companies insist on notice provisions to protect their interests.
Commercial general liability (CGL) insurance protects against a broad range of potential claims from third parties that could devastate your business. But while CGL policies cover defense costs and losses for many categories of claims, this type of insurance has significant exclusions.
Liability insurance policies protect your business against claims brought against you by third parties. Your insurer has a duty both to defend you against claims and to compensate you for losses covered under the policy.
A commercial property insurance policy protects against direct physical loss to your company’s property that results from a covered peril. While some types of property policies protect against a specific named peril, many are termed “all risk” policies.
