BUSINESS

What Is Business General Obligation Protection?

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A policy known as commercial general liability (CGL) insurance protects a company from losses resulting from bodily injury.

Personal injury, property damage, or accidents that take place on the company’s premises.

Although it does not cover all of a business’s potential risks, commercial general liability insurance is considered comprehensive business insurance.

Business general obligation protection is a type of exhaustive.

Protection that offers inclusion in the event of harm or injury brought about by a business’ tasks or items, or on its premises.

There are two kinds of CGL arrangements: a policy that covers.

Claims made regardless of when the event occurred, and an occurrence policy that requires the event to occur within a predetermined time frame.

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