Commercial General Liability Insurance in Glendale & Surprise, AZ
Commercial General Liability Insurance in Glendale & Surprise, AZ
Business owners can use insurance policies to protect themselves, their business, and their commercial property. The most common types of insurance products used for this are general liability, commercial property, workers’ compensation, and business owners’ policies. General liability insurance is commercial insurance that covers third-party claims of bodily injury, property damage, and personal or advertising injury. Ideal Insurance Agency can help you ensure the highest level of protection for your business by recommending the right commercial general liability insurance in Glendale, Surprise, and throughout the West Valley area.
Why Businesses Need General Liability Commercial Insurance
General liability insurance provides critical protection that can reduce your risk of financial loss or ruin resulting from third-party claims. The biggest reasons we recommend this type of business insurance are:
- Protect yourself from lawsuits from non-employees who claim injury or property damage.
- Cover immediate medical costs for injuries that occur on your property and prevent small accidents from becoming lawsuits.
- Protect yourself from claims of slander, libel, defamation, copyright infringement, or other claims related to your advertising and marketing.
- Ensure a lawsuit doesn’t ruin you financially or force you to close your business.
- Protect yourself from claims of faulty products or incomplete services.
- Comply with the terms of certain commercial contracts or leases.
What Is Commercial General Liability Insurance?
Commercial general liability insurance is one of the foundations of any business insurance policy. It provides protection against financial losses arising from third-party claims for bodily injury, property damage, or personal injury. The policy provides coverage for legal defense and settlements should someone file a lawsuit.
What Commercial General Liability Insurance Covers
Your insurance policy can be customized to include industry- or company-specific language or riders. For instance, commercial general liability insurance for contractors can protect contractors from property damage caused to clients’ homes as well as claims of improper, unsafe, or uncompleted jobs. However, the most common coverages include:
- Bodily Injury and Property Damage – This offers coverage should a third-party (non-employee) suffer from injury or property damage while on your property, or property damage caused by an employee while on the clock and/or providing services at someone else’s property.
- Personal and Advertising Injury – This protects your company against non-personal/property damage claims such as libel, slander, and copyright infringement related to your company’s marketing and advertising. It also covers claims of false arrest, malicious prosecution, or wrongful eviction.
- Medical Payments – This ensures no-fault payment is made to cover minor medical costs for injuries that occur on your property, allowing you to settle issues quickly to prevent a lawsuit.
Understanding Policy Limits & Coverage Options
Business commercial general liability insurance does have limits. For instance, it does not cover:
- Employees– No coverage for employee injuries; instead, you would need to secure workers’ compensation insurance.
- Professional Mistakes – Doesn’t cover negligence in professional services or advice; instead, you would need professional liability insurance.
- Auto Accidents – Does not offer coverage for accidents in business or commercial vehicles; instead, you would need commercial auto insurance.
- Cyber Attacks – You would need cyber liability insurance
- Intentional Acts – Any damage caused intentionally by the insured is not covered.
Different Types of Commercial General Liability Insurance Policies
There are two primary types of commercial general liability insurance policies. Understanding the two will help you determine what products you need:
- Occurrence Policy – This policy covers incidents that happen during the policy period, regardless of when the claim was filed.
- Claims-Made Policy – This covers claims if the incident and claim occur during an active policy.
Protect Your Business With Commercial General Liability Insurance
Ideal Insurance Agency can help you determine what level of insurance coverage your business needs for full protection and peace of mind. General liability insurance can be purchased in two ways:
- Standalone Policy – This is a single policy that offers tailored coverage for specific needs.
- Business Owners Policy – This is a bundled insurance product that typically includes commercial property insurance and general liability insurance at a reduced premium so that small-to-medium businesses can ensure protection.
You can also customize the level of coverage you need; for instance, we offer other insurance products that can extend your coverage and provide further protection:
- Employment Practices Liability
- Fire Legal Liability
- Products and Completed Operations
- Premises Liability
- Premises Medical
- Casualty Coverage
- Liquor Liability
- Foreign Liability
FAQs About Commercial General Liability Insurance
CGL insurance protects your business against claims of bodily injury, property damage, personal injury, and advertising injury caused by your operations or employees.
There’s no difference! Both terms refer to the same type of coverage designed to safeguard your business from liability claims.
Collision coverage typically refers to physical damage protections for commercial auto policies and is not included in a standard CGL policy. Speak with us to explore additional policies for vehicle-related claims.
Get Commercial General Liability Insurance Coverage
There are many risks involved in running your business. Ideal Insurance Agency can help you mitigate those risks and protect yourself and your business with general liability insurance coverage in Glendale, Surprise, Peoria, Buckeye, Wickenburg, AZ. This way, you can focus on the most important aspect of your business: your customers and profits. Comprehensive general liability insurance will protect you from losses should you be legally held responsible for damage or bodily injury. This type of insurance can cover settlements, attorney fees, medical and reimbursement expenses. Call us now or contact us online to request a quote, get answers to questions, or explore our tailored commercial insurance solutions.