Almost all types of businesses require some form of insurance to protect them from lawsuits, customer property damage, customer injury, etc. You can shop for commercial general liability (GL) insurance online. Do not select the first appointment you find. It is important to know the terms and do your research just as you would any other type of insurance.

The industry you are involved in plays a huge role in the policy and coverage you should seek. If you are new to business and don’t have much experience, or have had claims issues in the past, you need to show insurance companies that it is not going to be a risky investment and that you deserve a chance to prove yourself. If there are red flags it gives off, insurers may not want to cover it.

If you are not involved in any high risk industries, you should have a better chance of getting approval from a good insurance provider. Even if your industry is considered high risk, there may still be options for you.

Keep in mind that commercial general liability insurance policies are not all the same. A GL policy is not a “one size fits all” type of agreement. A good insurance company will write a policy that is suitably tailored to the needs of your company in the most specific way possible. There are even insurance options for those who work from home. If you run a website building company, for example, you might want a policy that protects you from defamation, slander, accidental copyright infringement, etc. Note: If you really have a history of lawsuits, it may be difficult for you to get a good policy.

What does commercial general liability insurance not cover?

What does GL commercial insurance typically NOT cover?

• Professional errors

• Damage to the property of your own company

• Employee injuries

• Employee discrimination lawsuits

If you want protection for your own physical business property, look for business property insurance. This will help pay for the repair / replacement costs of your business-related property when it is damaged by theft, fire, and other types of weather-related events.

A workers’ compensation insurance policy is something to consider if you are concerned about employee injuries.

Where should you start your search for commercial general liability insurance, as well as other business-related coverage? There are many personalized and affordable solutions at Hiscox Business Insurance. You should be able to find all the coverage you need. It’s easy to compare policies to determine which one will be the best for you.