Which type of insurance protects businesses from bearing the full cost of defending against claims for damages that arise from personal injury and property damage while clients are on the premises?

Question

Quizplus · Accepted Answer

Commercial general liability (CGL) insurance is a type of liability insurance that helps protect business from bearing the full cost of defending against claims for damages resulting from negligence associated with property and day-to-day business operations. Example include bodily injuries when a client slips and falls in the office or property damage when a tree limb falls and damages a client's car. Commercial general liability insurance is also called premises insurance.

Which Type of Insurance Protects Businesses from Bearing the Full