Types of commercial general liability insurance
- Manufacturing & Processing
- Construction & Engineering
- Transportation & Warehousing
- Retail & Wholesale
- Technology, IT & Ecommerce
- Professional Services
- Building Owner & Realty
- Auto & Garage
- Small Business
- Corporate Management Liability
Commercial general liability insurance (CGL), protects your business from financial loss should you be sued because of property damage, injuries, or death caused by your services, business operations, or your employees. A typical example of commercial general liability insurance is slip, trip, and fall coverage, which protects your business against lawsuits because someone slipped, tripped, or fell in your workplace.
A CGL insurance policy will usually cover the costs of your legal defence and will pay on your behalf all damages if you are found liable—up to the limits of your policy. CGL coverage is one of the most commonly sold insurance products, primarily because of the impact that a law suit can have on a business and because such liability suits happen so frequently.
The cost of commercial general liability coverage is based on the type of business you operate. Typically, the cost of a CGL policy for a warehouse would be based on its size; or a laundry mat on its gross sales; or a general contractor on the total cost of the project, etc.