One of the most important insurance covers that any responsible business organisation is expected to avail is the Commercial General Liability policy (CGL Policy). It is a protection provided to business organisations for expenses incurred due to third-party (non-employee) liabilities. These include mainly the claims or medical expenses of third-party due to accidental damage or […]
The chemical industry in India is the third largest producer in Asia and is expected to double its share in the global chemical market by 2021. While chemical manufacturers are expanding due to growth in automotive, textile and construction industry, the risk associated with chemical industry is also growing. Use of new chemicals has increased […]
A commercial general liability insurance plays a crucial role in covering property or bodily damages related claims. If you are interested in buying commercial general liability insurance policy, the following steps will help you in buying the policy – Define your requirements As commercial general liability insurance policy plays an imperative role, it is essential […]
What is the difference between Liability cover and Medical Expense cover in a Commercial General Liability policy?
A typical commercial general liability insurance offers coverage against claims of bodily injury or property damage for which your company may become liable to pay. A commercial general liability insurance policy comes with comprehensive coverage. In commercial general liability insurance, there are two coverages available— liability cover and medical expenses cover. In case of a […]
The commercial general liability insurance policy offers protection to business owners by covering the defense cost and other legal costs arising due to third party liability and product liability claims. It also provides coverage against premises liability claims arising due to injury or damage. If your business involves face to face interactions, invites visitors or […]
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 […]
If you own business factory or even a retail store, that you may have faced complaints of bad products causing damage and injury to them. A visiting customer getting injured while going through your store or factory. Such incidents are the perils considered under commercial terms, where a business owner or corporate could become liable […]