Running a business comes with inherent risks, from customer injuries to property damage. Commercial General Liability (CGL) insurance is a critical safeguard. Here are five reasons why:
Protection Against Lawsuits: Even a single lawsuit can financially cripple your business. CGL insurance provides coverage for legal defense costs and settlements related to bodily injuries or property damage caused by your business.
Customer and Client Trust: Carrying CGL insurance demonstrates professionalism and responsibility, fostering trust with clients and partners.
Compliance with Contracts: Many contracts require businesses to carry CGL insurance. Having this coverage ensures you meet contractual obligations.
Coverage for Accidents: Accidents happen. Whether it’s a slip-and-fall incident at your office or accidental property damage at a client’s site, CGL insurance has you covered.
Peace of Mind: Knowing you’re protected allows you to focus on growing your business without constantly worrying about unforeseen liabilities.