The world of business is dicey. Any entrepreneur will tell you this if they want to be honest with you. Things just happen—one time is a winning streak, while the other is a period of trying to contain a disaster that has the potential of wiping out a business in a matter of seconds. It is like watching over a toddler. They will be relaxed and peaceful practicing the alphabet, and once you blink, they are at risk of dying from getting their head trapped under the couch. In other words, it can change from sunny to rainy really quick when it comes to business. 

Excelling in business is an art that one must master by knowing what it takes and the strategies to employ. In business, the most burdens that you will encounter are in the form of claims. Some of these claims are so serious that the business cannot pay them out of pocket comfortably. That is why one of the teachings about business success talks about taking an insurance cover. An insurance plan typically contains many products that suit a business in different circumstances. For now, let’s focus on general liability insurance (GLI). 

General liability insurance (GLI) is also known as commercial general liability insurance (CGL). It is concerned chiefly with settling claims made by members of the public against a business. Let’s look at some of the common claims that are settled by a general liability insurance cover. 

Bodily injury claims: Covers the medical bills of third party victims injured during their encounter with the business under the bodily injury liability policy. 

Property damage claims: Covers claims that the business’ undertakings caused damage to third party property under the property damage liability policy. 

Reputational damage: Covers claims of defamation by a third party against the business. 

Advertising harm: Covers claims of copyright violation against the business. 

It should be noted that the list of examples of general liability insurance claims can go on and on. General liability insurance cover is a very substantial part of an insurance plan for any business and should not be left out at all costs. 

Do not hesitate to contact us to get your business covered by a credible general liability insurance provider. We’ll listen to your needs carefully and prepare a quote for your consideration. There’s no better time to take a general liability insurance cover for your business than now!