Understanding Commercial General Liability Insurance

11 February 2020

Any business that invites the general public onto its premises, provides a service or manufactures a product, is vulnerable to legal liability for injury and/or damages caused by its products, services or operations.

In today’s competitive market, even a minor setback arising from such vulnerabilities can prove damaging to any organisation. Hence, it is imperative for any company to effectively tackle such unforeseen risks which is where Commercial general liability insurance steps in.

Commercial general liability insurance is a type of insurance policy that provides coverage to a business for bodily injury, personal injury, and property damage caused by its business’ operations or products. It offers financial protection to organizations against premises liability product liability and personal liability claims. Commercial general liability insurance can be offered to any organization involved in industrial activities like construction, manufacturing, or non-industrial activities like offices, multiplexes, and hotels.

What is covered by Commercial general liability insurance?
Third-party property damage/bodily injuries

Commercial general liability insurance will cover the cost of medical expenses and damages imposed by law for any injury caused to a third person caused by its products, services or operations.

Advertising & Personal Injury

It also protects organizations against personal and advertising injury such as libel, slander, disparagement, misappropriation of advertising ideas, publication of material that violates a person’s right of privacy, copyright infringement etc.

In a nutshell, commercial general liability insurance can save you from a wide range of unforeseen costs. We at Unison, work diligently to evaluate our clients' operational liability exposures and effectively protect their interests. Our team is uniquely positioned to tailor the policy wordings and negotiate the best terms for our clients, while providing optimum placement of insurance in a way that best serves their needs.