Business General Liability Coverage

Bonano Insurance02 Sep, 2024Legal

Let's shed some light on business general liability insurance. Imagine your business as a castle. CGL is the moat around it, protecting it from invaders who could potentially ravage your stronghold. In modern times, these invaders are risks and liabilities that stem from everyday business interactions that could turn sour, resulting in potential financial hardship. Business General Liability Coverage is diving deeper into the coverage landscape, general liability insurance typically envelops specific risks, including premises liability?if someone trips over a carpet in your office, you're covered?and product liability, indispensable for businesses that manufacture goods that could cause harm. Additionally, it addresses slander or libel claims, a gatekeeper for your reputation against defamatory statements.