Commercial General Liability Solutions
To obtain quotes for a Commercial General Liability Insurance policy...
Our agency will approach the marketplace on your behalf, and we will need the following information:
- Business information: Name, address, and contact details of the business.
- Business operations: A description of your business operations, including any hazardous materials or processes involved.
- Products and services: A list of the products and services your business provides.
- Contractual requirements: Any specific insurance requirements from contracts or agreements with clients or customers.
- Loss history: Details of any previous insurance claims or losses.
Our Detailed Commercial General Liability Application Process
Please note that the following is a comprehensive application process, distinct from the initial quote request at the top of the page. The quote request is a preliminary step to initiate conversation, while the below link is a detailed application which is essential for proceeding with your coverage options.
Providing this information now, if you have the time, will expedite the entire process. Completing this detailed application is beneficial for a swift and efficient assessment of your needs, regardless of whether you've opted for a direct conversation initially. We appreciate your effort in filling out this application to help us serve you better and faster.
As always, we will need your loss history, so please note that included in the Indio portal below you will find a “Loss Runs Request” document and a “No Known Loss Letter” document should these be applicable to you, then they are needed!
Any questions please let us know, services@iwp.agency.
Frequently Asked Questions about General Liability Insurance
What is a Commercial General Liability (CGL) Insurance Policy?
These casualty solutions are designed to protect your business from financial losses due to claims of bodily injury, property damage, or personal and advertising injury caused by your business operations, products, or services. This coverage is essential for businesses of all sizes and industries, as it helps protect your financial well-being and reputation.
How much does a CGL cost?
The cost of a General Liability policy varies depending on factors such as your business's size, industry, and risk level.
How are CGL premiums determined?
General Liability policies are usually priced based on factors such as total gross sales (revenue), subcontractor costs, payroll, and other considerations. Furthermore, most general liability policies undergo audits, meaning that while the insurer initially bases your policy on the information you provide (e.g., sales, payroll, subcontractor costs, square footage), they may later conduct an audit potentially back charging you for unreported exposures for a policy that is no longer even active.
What is a CGL audit and why is it important to understand?
During an audit, the insurance company examines your financial statements to gain insight into your operations and determine your actual exposures during the policy period (such as sales, payroll, subcontractor costs, square footage, etc.). The major downside of audits is that any additional premiums identified are usually due immediately and cannot be financed. Failure to pay may result in collection actions.
Coverage Highlights for Commercial General Liability (CGL) - Primary Casualty
Coverage Form Options
Occurrence Form: This policy type covers bodily injury or property damage claims that occur during the policy term, irrespective of when the claim is actually reported. This ensures coverage for incidents happening within the policy period, even if the claim is filed after the policy has ended.
Claims-Made Form: This policy type covers claims specifically made against you during the policy term. It includes an option for an extended reporting period, allowing claims to be reported and covered even after the policy expires, provided the incident occurred during the policy term and is reported within the extended period.
Bodily Injury and Property Damage
Bodily Injury and Property Damage coverages are key components of General Liability insurance, designed to protect your business from financial losses due to claims of physical harm or damage.
Bodily Injury coverage safeguards against claims of physical injury to a person resulting from your business operations or premises. It can help cover medical expenses, legal fees, and compensation for pain and suffering.
Property Damage coverage protects your business if you're found liable for damaging someone else's property. This includes both physical damage to the property and the loss of use of that property.
Together, these coverages ensure that if accidents happen, your business can address claims without jeopardizing its financial stability.
Personal and Advertising Injury
Personal and Advertising Injury coverage is a crucial aspect of General Liability insurance, designed to protect your business from claims of non-physical harm resulting from your operations or advertising activities. It covers legal fees, settlements, and judgments for issues like:
Defamation: Harm to someone's reputation through libel (written) or slander (spoken).
Invasion of Privacy: Unauthorized use of someone's name or image, or intrusion into their private affairs.
Copyright Infringement: Using copyrighted material without permission in your advertising.
Misleading Advertising: False advertising claims that misrepresent your products or services.
This coverage helps safeguard your business against costly legal disputes over these non-physical injuries, ensuring your operations can continue smoothly.
Products and Completed Operations
Products Coverage protects your business against claims of injury or damage resulting from the products you manufacture, distribute, or sell. This coverage can help cover legal fees and compensation costs in such events.
Completed Operations Coverage provides protection after your services or work are completed. If damages or injuries occur as a result of your completed work, this coverage assists in handling the claims, covering legal expenses and damages.
Together, these coverages safeguard your business against potential claims related to your products or services, ensuring comprehensive protection under your General Liability insurance.
Medical Expense Limit
Medical Expense Limit refers to the maximum amount your General Liability insurance will pay for medical expenses if someone is injured on your business premises or as a result of your operations, regardless of who is at fault. This coverage aims to cover immediate medical costs, helping to mitigate potential lawsuits by addressing injuries promptly and effectively.
Fire Damage Limit
Fire Damage Limit is the capped amount your General Liability insurance policy will pay for fire damage caused by your business operations to property you rent or occupy. This coverage is designed to protect your business by providing financial assistance for repairs or replacements, ensuring you can address such incidents efficiently without bearing the full cost.
Supplemental Payments
Supplemental Payments in General Liability insurance refer to costs that are covered by the insurer over and above the policy limits. These can include expenses like attorney fees, court costs, and other legal expenses incurred in defending a claim against your business, as well as certain other expenses such as bonds to release attachments and interest on judgments. This coverage ensures that the defense of a covered claim does not erode your policy’s limits of liability.
Named Insured and Employees Coverage
Named Insured and Employees Coverage provides protection under your General Liability insurance for both the entity or individual named in the policy and their employees. This coverage ensures that both the named insured and the employees are protected against liability claims for bodily injury, property damage, and personal and advertising injury that arise from their business operations or employment activities.