Tuesday, June 18, 2024

Commercial General Liability Insurance

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This policy is totally unavoidable, especially in California.

In order to rent a business space, one of the first steps you will go through is bringing a certificate of General Liability to a Landlord or Property Management Company.  You will not even start moving or signing lease agreement before you provide them with Certificate of your Commercial General Liability Insurance adding the name and address of Landlord into Certificate of Insurance as additional insured.

What dose Generali Liability cover?

  • Third party Bodily Injury
  • Third Party property damage
  • Product Liability
  • Advertising Injuries

 What is General Liability (GL) policy for:

GL provides coverage protecting your business from a lawsuit against you as an owner of the business for violations of General business codes, rules and regulations as well as ethics or “slip and fall” accidents

However, the most significant part of General Liability coverage is called – Product Liability coverage

What is Product Liability coverage?

While  Landlords  mostly care about all tenants having a  GL  policy, –  if you really care about your business security, the most  important part of any commercial policy is -Product Liability  ( PL) coverage which must be at least $1,000,000 – that’s what you will be required to carry by your business contracts of almost  every nature .

Product Liability Coverage relates not to what you sell –

It’s about WHAT YOU DO.  How do you generate business income – is what your “PRODUCT” is.

Another words – General Liability coverage without Product Liability added to it is a very limited coverage


Product Liability is the most important part of any commercial insurance. We also suggest calling us about Umbrella Policy – which is extension of your liability limits up to 1 million or higher amount of protection.

How much General Liability Coverage do I need?

If you are purchasing general liability insurance to fulfill the terms of a contract or lease, you need to make sure that your coverage meets the requested policy limits. The amount of coverage you need also depends on factors such as the size of your business, its industry risks, and the number of employees.

Most small businesses opt for the standard $1 million per occurrence / $2 million aggregate policy limits. This means the policy will pay up to $1 million to cover a single claim, with a $2 million limit for the lifetime of the policy.

What is the coast for General Liability Insurance Policy?

The coast of General Liability Insurance is based on:

  • Business operations
  • Policy limits
  • Location of your business
  • Annual revenue

Small businesses pay about $40 per month for this policy.

The best way to assess your needs for General Liability policy and get you the best price quote with optimal coverage is to speak with an experienced agent who can take you through the application form.

About us: ABSInsurance.com agents have provided General Liability  Insurance and other types of commercial, private, and professional policies for three decades on in California and other states. Fill out the form, schedule a call with a life agent about your needs (link to form page).

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