📑 In This Article
📝 Definition
Commercial General Liability (CGL) insurance covers a business against claims of bodily injury, property damage, and advertising injury caused to third parties. CGL is the most fundamental business insurance policy and is often required for commercial leases, government contracts, and B2B partnerships. Standard coverage limits are $1M per occurrence and $2M aggregate.
General Liability Insurance falls under the Insurance category and is closely related to: Commercial Insurance, Bodily Injury, Property Damage.
🎯 Why General Liability Insurance Matters for Your Business
General Liability Insurance plays a vital role in corporate risk management. Business owners, risk managers, and insurance brokers should understand this coverage type to ensure adequate protection against potential liabilities and compliance with state regulations.
⚙️ Practical Guidance
When purchasing or evaluating General Liability Insurance, compare quotes from at least three carriers, review policy exclusions carefully, and consider working with an independent insurance broker who can access multiple markets.
For state-specific regulations related to General Liability Insurance, explore our 50-state business guides which cover how each state handles related requirements, fees, and compliance obligations.