Table of Contents
What is covered under a commercial general liability policy?
What is covered? Commercial General Liability covers legal liability of the insured due to bodily injury or property damage. These are some types of coverage provided: Broad Public/General Liability cover for bodily injury or property damage incurred on your premises and/or as a result of your business operations.
What is the meaning commercial insurance?
Commercial insurance, also known as business insurance, financially protects your business from common risks such as client lawsuits, customer or employee injuries, property theft and damage, as well as other unexpected events.
What is the difference between professional liability and commercial general liability?
General liability covers physical risks, such as bodily injuries and property damage. Professional liability insurance covers more abstract risks, such as errors and omissions in the services your business provides.
What is covered under a commercial general liability policy?
What is covered? Commercial General Liability covers legal liability of the insured due to bodily injury or property damage. These are some types of coverage provided: Broad Public/General Liability cover for bodily injury or property damage incurred on your premises and/or as a result of your business operations.
What is not included in a commercial package policy?
Commercial package policies can't include certain items like workers' compensation or directors-and-officers insurance. Workers' compensation insurance is required by law and must be purchased as a separate policy. Directors-and-officers policies are necessary for non-profit organizations.
Is commercial the same as private insurance?
As the names clearly suggest the private insurance policy covers a car that is used for personal use while commercial insurance policy covers a vehicle like a taxi or a cab that is used for commercial purposes.