Commercial General Liability Insurance (CGL)
A commercial general liability policy offers protection for your business from claims made against it for bodily injury and property damage. These claims may come from within your workplace, or from injuries or damages caused by your employees elsewhere.
Your CGL insurance will cover:
- Injuries to customers, employees, vendors or visitors that occur on your premises.
- Injuries that occur elsewhere as a result of the actions or negligence of an employee.
- Third party property damage caused by an employee.
These policies are considered standard business practice when entering into working contracts as re-assurance that your company is appropriately insured.
General liability policies can be confusing in their complexity. ReFrame agents make sure that your risk gets approved, and just as important – that you understand the details of what you are buying and what you are protecting.
Find out how a CGL can protect everything from commercial property and liability to legal expenses and cyber security.
Author: Jacques Wong
(CGL) Commercial General Liability FAQs
Yes, most CGL policies will cover independent contractor related liability. For additional protection, you should carefully vet all of the contractors you use and get copies of their insurance policies for review.
Generally, CGL does not cover contractual liability but there are some exceptions for contracts related to real property (ie. a lease agreement).
Yes, your CGL policy will cover liability arising out of property damage your business was alleged to have caused.
CGL does not cover automobile-related liability by default but coverage can be added to cover certain automobile-related liability.
Businesses of all sizes face exposure to liability risks on a daily basis. Luckily for small businesses, your CGL insurance premiums generally scale based on your revenues so it should remain affordable as you grow.
Usually, the limit of insurance is based on several factors including annual revenues, contract size with clients, nature of the business, and geography of sales. You should speak with a licensed insurance broker for a detailed risk analysis.
CGL protects you against liability arising out of your premises and everyday business operations (i.e. if someone slips and falls in your store) but there is a specific exclusion for liability out of the rendering or failing to render proper professional services – that’s where E&O insurance comes in.
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By completing our short online form, we can get to work right away without taking up any more of your valuable time.
Don’t want to wait?
Connect with us now.
Connect@TheReFrameGroup.com
Professional Liability Insurance (E&O)
Professional liability insurance, also known as errors and omissions (E&O), protects professionals who work in consulting or services as individuals and/or businesses. E&O insurance shields policy holders from a negligence claim by their client and damages awarded in a civil lawsuit. It may be purchased by professional individuals to protect themselves, or by a business to protect its brand and employees.
E&O is often required under contract by businesses that are receiving professional advice or services, making it essential to many companies.
Not sure whether you need Professional Liability Insurance? We’re here to help you decide.
Author: Jacques Wong
(E&O) Errors & Omissions Insurance FAQs
E&O and other forms of Professional Liability insurance can cover contractual liability. If this is something you require in your E&O policy, please let us know so we can ensure you have the appropriate coverage in place.
For most professionals, the answer is no. But there are some regulated professions (insurance being an example) that require E&O insurance as a condition of licensing.
Usually, the limit of insurance is based on several factors including annual revenues, contract size with clients, nature of the business, and geography of sales. You should speak with a licensed insurance broker for a detailed risk analysis.
CGL protects you against liability arising out of your premises and everyday business operations (i.e. if someone slips and falls in your store) but there is a specific exclusion for liability out of the rendering or failing to render proper professional services – that’s where E&O insurance comes in.
Commercial General Liability Insurance (CGL)
A commercial general liability policy offers protection for your business from claims made against it for bodily injury and property damage. These claims may come from within your workplace, or from injuries or damages caused by your employees elsewhere.
Your CGL insurance will cover:
- Injuries to customers, employees, vendors or visitors that occur on your premises.
- Injuries that occur elsewhere as a result of the actions or negligence of an employee.
- Third party property damage caused by an employee.
These policies are considered standard business practice when entering into working contracts as re-assurance that your company is appropriately insured.
General liability policies can be confusing in their complexity. ReFrame agents make sure that your risk gets approved, and just as important – that you understand the details of what you are buying and what you are protecting.
Find out how a CGL can protect everything from commercial property and liability to legal expenses and cyber security.
Author: Jacques Wong
(CGL) Commercial General Liability FAQs
Yes, most CGL policies will cover independent contractor related liability. For additional protection, you should carefully vet all of the contractors you use and get copies of their insurance policies for review.
Generally, CGL does not cover contractual liability but there are some exceptions for contracts related to real property (ie. a lease agreement).
Yes, your CGL policy will cover liability arising out of property damage your business was alleged to have caused.
CGL does not cover automobile-related liability by default but coverage can be added to cover certain automobile-related liability.
Businesses of all sizes face exposure to liability risks on a daily basis. Luckily for small businesses, your CGL insurance premiums generally scale based on your revenues so it should remain affordable as you grow.
Usually, the limit of insurance is based on several factors including annual revenues, contract size with clients, nature of the business, and geography of sales. You should speak with a licensed insurance broker for a detailed risk analysis.
CGL protects you against liability arising out of your premises and everyday business operations (i.e. if someone slips and falls in your store) but there is a specific exclusion for liability out of the rendering or failing to render proper professional services – that’s where E&O insurance comes in.
Professional Liability Insurance (E&O)
Professional liability insurance, also known as errors and omissions (E&O), protects professionals who work in consulting or services as individuals and/or businesses. E&O insurance shields policy holders from a negligence claim by their client and damages awarded in a civil lawsuit. It may be purchased by professional individuals to protect themselves, or by a business to protect its brand and employees.
E&O is often required under contract by businesses that are receiving professional advice or services, making it essential to many companies.
Not sure whether you need Professional Liability Insurance? We’re here to help you decide.
Author: Jacques Wong
(E&O) Errors & Omissions Insurance FAQs
E&O and other forms of Professional Liability insurance can cover contractual liability. If this is something you require in your E&O policy, please let us know so we can ensure you have the appropriate coverage in place.
For most professionals, the answer is no. But there are some regulated professions (insurance being an example) that require E&O insurance as a condition of licensing.
Usually, the limit of insurance is based on several factors including annual revenues, contract size with clients, nature of the business, and geography of sales. You should speak with a licensed insurance broker for a detailed risk analysis.
CGL protects you against liability arising out of your premises and everyday business operations (i.e. if someone slips and falls in your store) but there is a specific exclusion for liability out of the rendering or failing to render proper professional services – that’s where E&O insurance comes in.
Ready for a Quote?
By completing our short online form, we can get to work right away without taking up any more of your valuable time.
Don’t want to wait?
Connect with us now.
Connect@TheReFrameGroup.com
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Commercial General Liability (CGL) Insurance
Jacques discusses the scope of coverage by a CGL insurance policy and why businesses need this coverage.
Errors & Omissions (E&O) Insurance
Jacques explains the specifics of a errors & omissions (E&O) or professional liability insurance policy.
