Commercial General Liability Insurance

Bonano Insurance07 Dec, 2024Legal

Commercial General Liability insurance policy types include claims-made and occurrence policies, each with unique provisions. Claims-made necessitates the policy being active both when the alleged incident took place and when the claim is filed, meanwhile, occurrence policies respond to incidents that happen during the policy period, regardless of when the claim is actually made. The claims Commercial General Liability Insurance addresses are varied, encompassing incidents from someone slipping in your establishment to a defective product causing injuries. It serves to absorb financial shocks from legal defenses and settlements, protecting the vitality of the business.