General Liability Insurance, what is it?
By Hittle Insurance
General liability insurance, often referred to as commercial general liability (CGL) insurance, is a type of coverage that we offer at Hittle Insurance in Carmel, IN. This coverage offers financial protection to businesses against third-party claims for bodily injury, property damage, and personal/advertising injury. These claims can arise from various circumstances and are more common than you can imagine. A few examples of claims would be accidents on the business premises (slips and falls are the most common), product defects, and alleged instances of defamation, copyright infringement among others.
The importance of General Liability Insurance
-
Legal Protection
-
Contractual Requirements
-
Company's Credibility and Trust
-
Business Safeguard and Peace of Mind
The coverages under the GL
-
Bodily Injury and Property Damage: This coverage helps pay for medical expenses, legal costs, and compensation if a third party is injured on your premises or sustains property damage due to your business operations.
-
Personal and Advertising Injury: This coverage applies to claims of defamation, slander, copyright infringement, or false advertising. It helps cover legal fees and damages awarded in such cases.
-
Products and Completed Operations: If a product you've manufactured or sold causes harm or damage, this coverage assists in managing associated legal costs and claims.
-
Medical Payments: If someone sustains minor injuries on your premises, regardless of fault, medical payments coverage can help cover their medical expenses. This can sometimes prevent lawsuits from being filed.
General liability insurance at Hittle Insurance is available with several insurance companies. Protecting your business is the cornerstone of responsible business management.
Call us today for an insurance quote at 317-895-5555
Seguros de negocios en Indianapolis.
Seguros para pintores en Indiana
Seguros para contratistas en Indiana y Illinois
Hablamos Espanol