Commercial General Liability Insurance for all Business Types
General Liability Insurance provides protection to individuals and businesses from claims filed by third parties. When your actions cause a loss to someone else, your General Liability can cover a claim filed by them. With Commercial General Liability Insurance, this protects your business for the same reasons. Just in case someone comes after you or your business for damages, a Commercial General Liability Insurance policy can help protect from financial hardships. A typical Commercial General Liability policy will cover Bodily Injury and Property Damage, as well as Advertising and Personal Injury. Usually Commercial General Liability is just one piece of a comprehensive Business Owner's Policy which can also include: Workers Comp and Business Auto. Most property owners will require Commercial General Liability Insurance from businesses in order to sign a lease agreement. Coverage Limits are broken down into different segments within the policy:
General Aggregate: This is the maximum amount that the insurer will pay during the policy period. Typically a policy will have have a limit of $1,000,000 Per Occurrence and $2,000,000 General Aggregate.
Products and Completed Operations: This is the limit the insurer will pay for damages included within the products or completed operations hazard. A pretty standard limit is $1,000,000.
Personal and Advertising: The limit the insurer will pay for damages due to personal or advertising injury offenses. A typical is $1,000,000.
Each Occurrence: The amount the insurer will pay for the sum of all damages from property damage, bodily injury and medical payments. Again a typical Each Occurrence Limit would be $1,000,000 while the General Aggregate would be $2,000,000.
Damage to Premises Rented To You: Depending on your needs and the property you may be renting the limits can vary. This is the limit for any one premise.
Medical Expense: This is the limit the insurer will pay for medical expenses arising from bodily injury caused by an accident regardless of fault. This limit applies to each person separately.
Monte Johnson Insurance Services Inc.
At Monte Johnson Insurance, our friendly and experienced agents are ready to help you assess your needs and protect you against risk with a Commercial General Liability Insurance Policy. With locations in California and in Oregon, we are here to serve you.
Get started today! Give us a call or simply fill out the Protection Savings Form on this page right now to get started.