RISE Insurance is located in downtown Chattanooga, TN but we help insure people and companies all over the country. We specialize in top notch service and extensive market access to place your business with the best possible carrier at the best possible price.
COMMERCIAL GENERAL LIABILITY
20 MILLION…
That right! Approximately 20 million civil lawsuits are filled each year and cost an average of $54,000 according to a bureau of justice report.
A Commercial General Liability (CGL) policy covers the basic liability your business faces for property damage, bodily injury or advertising injury to third parties caused by your services, business operations or your employees. The policy will usually cover the costs of your legal defense and will pay on your behalf all damages if you are found liable—up to the limits of your policy.
situations you could be responsible for:
While visiting your business, a customer trips on loose carpet and is injured
While repairing a leak your employee accidentally leaves water running, causes damage to a customer’s home
A class action lawsuit is filed against your business, alleging misleading advertising
CGL Coverage options:
Bodily Injury and Property Damage from a non-professional negligent act
Personal and Advertising Injury: Libel, slander, copyright infringement, invasion of privacy
Medical Payments: injuries sustained by a non-employee caused by an accident that takes place on the insured’s premises
CGL coverage is one of the most important insurance products, due to the negative impact that a lawsuit can have on a business and because such liability suits happen so frequently these days.