General Liability Insurance

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General Liability Insurance General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts. General liability insurance provides coverage for common liability claims from third parties (people outside your business). Commercial general liability insurance covers legal defense costs if someone sues over a bodily injury, property damage, or advertising injury. Your CGL policy can pay for everything from hiring a lawyer to court-ordered judgments and settlements. The cost of general liability insurance is based on your specific business needs. Your business is unique, and so are the risks. Factors that influence the cost include: Type of work, Location, Number of employees. Does your small business need general liability insurance? Most small companies need this insurance, especially if you rent or own an office or commercial space. And many client contracts include requirements for general liability insurance. Even if these don’t apply to you, small businesses that work directly with clients and customers usually benefit from commercial general liability insurance, also known as a CGL policy. This insurance policy can keep your company financially stable if you’re sued by a customer or competitor. Because general liability insurance provides such important coverage, most small business owners buy the policy right after they start their business. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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