Because it covers the most common lawsuits that arise from everyday business activities, General Liability Insurance is often the go-to coverage for small business owners. But, is it enough to really protect your business?
A Commercial General Liability (CGL) policy covers three primary components: premises liability, products liability and completed operations.
While it’s essential to know what your insurance policy covers, it is just as important to understand what your policy does NOT cover. In commercial insurance terms, an “endorsement” refers to a document attached to an insurance contract that adds, removes or alters the scope of coverage under the policy. To avoid confusion following an incident, it is smart to be aware of any new or existing endorsements that impact your commercial insurance policy.