What documents are required to claim a CGL insurance policy?

You may need to submit the following documents to claim a commercial general liability insurance policy: ID proof of the insured/claimant FIR report, if any Copy of the policy document Information of loss and damages, including the type of claim, the extent of loss, and the area of damage Any other documents asked by your insurance provider

Why should small businesses purchase commercial general liability insurance?

Small businesses can also face mishaps and potential risks. Therefore, if you purchase a CGL policy, it will protect you from financial liabilities arising due to losses and damages.

Is workmen compensation covered under commercial general liability insurance?

No, CGL insurance does not provide coverage for workmen compensation. However, the insurer provides separate policies to cover these types of losses.

Does commercial general liability insurance cover professional liabilities?

Professional liabilities are not covered under commercial general liability insurance. However, you can purchase a professional indemnity insurance plan to protect yourself from professional losses and damages.

What is covered under a commercial general liability insurance plan?

Following are the losses covered under a commercial general liability insurance policy: Lawyer’s fees Court expenses Legal costs Employee injuries that occur at your property Repair or replacement for loss and damages Other losses and damages mentioned in the policy document

Track & Policy DownloadLogin

Commercial General Liability Insurance

Commercial General Liability Insurance (CGL) provides coverage for businesses against third-party claims of bodily injury, property damage, or personal injury. It protects companies from legal and financial liabilities arising from accidents or incidents that occur on their premises or due to their operations. Keep reading to find out more about it!

Compare & Buy Customised Plans

Business Details

Your details are secured with us!

Scroll to know more

What is Commercial General Liability Insurance?

Commercial general liability insurance protects businesses from various potential liabilities and financial risks arising from their day-to-day operations. This plan provides comprehensive coverage against third-party claims for bodily injury, property damage, and personal injury resulting from the business’s activities, products, or services.

For instance, if any consumer falls ill after having a meal at your restaurant, he might claim you legally for his or her medical expenses. In this scenario, CGL insurance would step in to cover the costs associated with the injured party’s medical treatment and any potential legal fees sparing the business from severe financial consequences.

Moreover, CGL insurance goes beyond physical injuries and property damage. It also provides coverage for personal and advertising injury claims, such as defamation or copyright infringement, that could arise from the company’s marketing or promotional activities.

To put it simply, by purchasing CGL insurance, businesses can operate with greater confidence, knowing they have a safety net in place to handle unexpected and potentially costly lawsuits.

Benefits of Commercial General Liability Insurance

Following are the benefits of purchasing a commercial general liability insurance plan:

Financial Protection: CGL insurance shields businesses from costly lawsuits and potential legal expenses arising from third-party claims of bodily injury, property damage, or personal injury.
Coverage For Advertising Injury: It provides protection against claims of defamation, libel, slander, or copyright infringement resulting from the business’s advertising efforts.
Customer Confidence: Purchasing CGL insurance enhances the business’s credibility and instills confidence in customers, assuring them that their interests are protected.
Peace of Mind: Business owners can operate with peace of mind, knowing that they have a safety net to manage unforeseen liabilities, preserving their financial stability and reputation.

Frequently Asked Question

1
What documents are required to claim a CGL insurance policy?
You may need to submit the following documents to claim a commercial general liability insurance policy:
- ID proof of the insured/claimant
- FIR report, if any
- Copy of the policy document
- Information of loss and damages, including the type of claim, the extent of loss, and the area of damage
- Any other documents asked by your insurance provider
2
Why should small businesses purchase commercial general liability insurance?
Small businesses can also face mishaps and potential risks. Therefore, if you purchase a CGL policy, it will protect you from financial liabilities arising due to losses and damages.
3
Is workmen compensation covered under commercial general liability insurance?
No, CGL insurance does not provide coverage for workmen compensation. However, the insurer provides separate policies to cover these types of losses.
4
Does commercial general liability insurance cover professional liabilities?
Professional liabilities are not covered under commercial general liability insurance. However, you can purchase a professional indemnity insurance plan to protect yourself from professional losses and damages.
5
What is covered under a commercial general liability insurance plan?
Following are the losses covered under a commercial general liability insurance policy:
- Lawyer’s fees
- Court expenses
- Legal costs
- Employee injuries that occur at your property
- Repair or replacement for loss and damages
- Other losses and damages mentioned in the policy document