A small company can protect itself against the death of important personnel by carrying CGL insurance.

Question

Quizplus · Accepted Answer

CGL insurance (Commercial General Liability insurance) only covers third-party claims for bodily injury, property damage, and advertising injury. It does not cover the death of personnel or key employees. A small company can protect itself against the death of important personnel by purchasing key person life insurance or by creating a succession plan.

A Small Company Can Protect Itself Against the Death of Important