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.
