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GL
(General Liability Insurance)
GL insurance protects businesses from financial losses resulting from bodily injury, property damage, personal injury, and advertising injury claims. It's the foundational coverage for most businesses, with 85% of small businesses carrying some form of GL policy.
Typical claims include customer slip-and-fall accidents ($20,000 average claim), damage to client property, or copyright infringement in marketing materials. Policies usually have per-occurrence limits ($1M) and aggregate limits ($2M). Unlike E&O insurance which covers professional mistakes, GL focuses on physical and reputational harm. Many commercial leases and client contracts require GL coverage, with premiums varying by industry (construction pays 3x more than professional services).
Typical claims include customer slip-and-fall accidents ($20,000 average claim), damage to client property, or copyright infringement in marketing materials. Policies usually have per-occurrence limits ($1M) and aggregate limits ($2M). Unlike E&O insurance which covers professional mistakes, GL focuses on physical and reputational harm. Many commercial leases and client contracts require GL coverage, with premiums varying by industry (construction pays 3x more than professional services).