Today, the world has become more competitive for businesses, along with the increased litigation risks. It is imperative for businesses to have commercial general liability insurance to protect themselves against the financial consequences arising from various risks. The type of liability risks may vary depending on the nature of the business, the industry it belongs […]
Commercial General Liability
What is a vicarious liability in CGL policy?
Business owners, even when not directly involved, often bear vicarious responsibility for liabilities stemming from the negligence and mistakes of employees, agents, and other parties associated with the business. Vicarious liability can be a huge financial burden for businesses if liability insurance is not in place. Hence, Vicarious Liability in CGL Policy is a cover […]
What parts of automotive liability are covered and not covered under CGL?
Commercial & General Liability ( CGL ) policy provides coverage for Non-Owned and Hired Automotive Liability referred to as NOHAL. Let us understand the paradigm under which NOHAL works – A company would need to take necessary steps to ensure that its own fleet operation covers properly in the event of an accident. But a […]
What is a Commercial General Liability Insurance Policy?
Commercial General Liability Insurance Policy (CGL) protects your business against any liability arising from third-party for bodily injury or property damage and personal injury caused to them. It means, if your company, product, your work, or anything associated with your business causes injury to someone like your client or their property, you could be legally […]
Trade Credit Insurance | Keeping Your Business Afloat
Account receivables are often the largest asset of the company. And in case your customers are unable to pay what they owe, it can pose a serious threat to your business. Therefore, it is indispensable to go with trade credit insurance. So, how does Trade Credit Insurance keep your Business afloat? The policy keeps your […]
Amazing Tips For Buying Right Commercial General Liability Insurance
Running a small business is not the bed of roses as every day new challenges arise in the business landscape and you make mistakes often. But you can take definite action by purchasing commercial general insurance in order to tackle third-party liability claims against your business. Being a small business owner, you often overlook or […]