Liability Insurance
Essential Protection for Your Business
Running a business involves managing various risks—ranging from employee disputes and accidental damage to property, to legal issues arising from commercial tenancy agreements or taxation matters. Commercial General Liability (CGL) Insurance from CoverBee offers a safety net that protects your business against a wide range of potential liabilities that can lead to costly legal proceedings and disrupt your operations.
Why Should You Consider CGL Insurance?
While not legally mandatory, CGL insurance is a vital layer of protection for any business. Legal claims can arise unexpectedly, and the costs associated with defending your company can escalate quickly. With CGL coverage in place, you can focus on your business without worrying about the financial burden of legal defense or compensation payouts. This type of insurance can be taken as a standalone policy or bundled into a broader business insurance plan—ensuring tailored coverage based on your risk exposure.
How Much Cover You Need in ?
The appropriate CGL insurance limit depends on your business size, risk profile, and operational complexity. Typically, insurers offer coverage for a fixed period with a defined financial cap. Businesses operating in high-liability industries or dealing with large volumes of third-party interactions may require higher limits to ensure comprehensive protection. At CoverBee, we work with you to assess your exposure and recommend a coverage level that aligns with your business goals and compliance needs
Commercial General Liability FAQs
CGL Insurance protects businesses from legal liability arising due to bodily injury, property damage, personal injury, or advertising injury caused to third parties due to business operations, products, or premises.
Any business that interacts with clients, customers, vendors, or the public should have CGL Insurance. This includes manufacturers, contractors, retailers, service providers, and office-based businesses.
It typically covers:
● Third-party bodily injury or death
● Third-party property damage
● Legal defense costs
● Advertising and personal injury (e.g., libel, slander)
● Accidents on business premises
CGL policies usually do not cover:
● Employee injuries (covered under Workmen's Compensation Insurance)
● Professional errors or omissions (requires Professional Indemnity Insurance)
● Intentional damage or criminal acts
● Contractual liabilities
● Auto-related liabilities
It’s not mandatory by law for all businesses, but it’s highly recommended, especially if your business involves client interaction, public access, or physical products.
Premium depends on:
● Nature of business
● Size of operations and turnover
● Risk exposure and claim history
● Coverage limits and deductibles
CGL policies have:
● Per occurrence limit – maximum payout per claim
● Aggregate limit – maximum total payout during the policy period
You can choose limits based on your risk profile and business size.
Yes. You can add extensions like:
● Product Liability
● Tenant’s Legal Liability
● Fire Damage Coverage
● Medical Payments
● Cross Liability
If a third-party claim arises, notify the insurer immediately with relevant documents and incident details. The insurer will investigate, manage legal proceedings, and settle valid claims as per policy terms.