GL Insurance – General Liability Insurance

GL Insurance – General Liability Insurance: Are you looking for a guide on the following areas: general liability insurance, commercial general liability insurance, general liability business insurance, general liability insurance cost, general liability insurance for contractors, etc? If your answer is yes, here is a post on GL Insurance – General Liability Insurance. 

So if you are looking for a guide on what is general liability insurance, how much is general liability insurance, what does general liability insurance cover, how much does general liability insurance cost, what does commercial general liability insurance cover, this article got you covered.

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What is general liability insurance?
For those of us that would want to know, let me start by saying that general liability insurance covers injuries, property damage, and related lawsuits incured by someone.

It is important to also say here that general liability insurance often required for commercial leases and contracts.

When do small businesses need commercial general liability insurance?
Almost every business needs some form of general liability insurance to protect company assets and sign important contracts.

Commercial general liability can help small businesses pay for unexpected lawsuits, sign deals with new clients, rent commercial space, and avoid bankruptcy.

A policy reassures clients that you’ll be able to compensate them if you damage their property or injure someone with your work. Most small business owners purchase a policy shortly after starting a business.

Businesses that purchase a general liability policy typically:
> Have a location that is open to the public
> Interact with people on a job site
> Handle client property
> Rent business space
> Sell products to customers
> Advertise or market their services
> Use social media and have an internet presence

General liability insurance costLet me say here that a lot of factors determine general liability insurance costs. These factors are as given below:

> Industry and risk factors
> Coverage limits
> Location
> Number of employees

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