General liability insurance policy offers compensation for claims arising due to bodily property damage or bodily injuries liabilities for which your business is held responsible.
It is the foundation of the liability insurance programs of most of the companies. The commercial general liability insurance policy covers a wide range of liabilities faced by most businesses.
A comprehensive general liability insurance policy is designed to cover all the liabilities on behalf of the policyholder. The insurer shall pay off the damages related to bodily injuries/accidental death or third-party illnesses resulting due to:
It is important to have comprehensive general liability insurance under the following scenarios -
A comprehensive liability insurance plan offers compensation for bodily injuries, personal injuries, property damage and advertising injuries for which an organization is held liable. There is a provision to opt for separate personal injury/ advertising limit in addition to the basic aggregate limit.
Comprehensive general liability insurance covers liabilities arising due to products and premises both with additional extensions that make this one of the most preferred liability insurance policies worldwide. Some of the basic coverages are mentioned below:
With comprehensive general liability insurance, you can enjoy the peace of mind and be sure of seamless business operations. Any disruption would mean a major financial loss. Some of the major advantages of this policy are listed below:
It is a speedy and hassle-free procedure file a claim for general liability insurance policies. It is important that you provide all the required documents that are duly filled and stamped with the claim form. For more details, you can always check with the insurance provider.
The policy shall not accept claims arising due to the following reasons:
The limitations will vary from one insurance provider to another.
You only need to submit the proposal form and depending on the claim the insurer will ask for the documents.
The above-mentioned reasons clearly state that buying a general liability insurance policy is a wise and smart choice. And before you decide to purchase a policy it is recommended that you compare policies, do your research and buy a policy that meets your requirements.