Comprehensive general liability insurance is an outdated term for general liability insurance.
Most insurance companies dropped “comprehensive” from the name of this type of coverage. General liability can provide financial protection from many different risks, but it isn’t exactly comprehensive when it comes to business insurance.
Comprehensive general liability insurance can help cover claims if you or your employees are held responsible for causing an injury to a non-employee or damage to property that does not belong to your business.
Some examples of claims general liability insurance coverage can help with are:
You accidentally knock over a valuable vase while working in a client’s house.
A client slips on a wet floor at your business and breaks their arm.
An employee insults a competitor online and the competitor decides to sue you. This is sometimes called personal and advertising injury.
You accidentally use a photographer’s picture in an ad without permission and they sue for damages.
Someone (not an employee) gets injured at your business and asks you to pay for their medical expenses.
The biggest thing to keep in mind is that your business doesn’t have to be responsible for these accidents to be accused.
Comprehensive general liability can help with legal fees and defense costs to defend your business after a claim is made, regardless of fault.
The cost of comprehensive general liability insurance differs for every business. The main factors that will determine your costs are:
Simply put, high-risk industries could have higher premiums and lower-risk industries have lower premiums.
The more people you need to cover, the more your insurance usually costs.
Different states have different insurance requirements. Insurance could cost more if you work in an area with more exposure to weather-related risks or property crimes.
Just like with auto insurance, your past insurance and claims history can impact how much you’ll pay today.
New businesses might pay more than established businesses that have a track record of safety and few claims.
If your business is looking for truly comprehensive commercial coverage, some other insurance policies you might consider are:
If you make a business error or are accused of negligence that costs a client money, professional liability (also known as errors and omissions insurance) can help cover legal defense costs and damages.
Commercial property insurance can help protect the physical assets you need to do business, including inventory, equipment and structures, if they are damaged by fire, water, wind or another covered event.
Workers’ comp can help with coverage for medical bills and lost wages if an employee is injured on the job.
Commercial auto can provide coverage for on-the-job accidents that your personal auto policy would leave out.
If you serve alcohol at your business, it’s important to know that general liability usually won’t provide coverage for alcohol-related accidents. That’s what liquor liability insurance is there for.
Employment practices liability insurance (EPLI) can help provide coverage for lawsuits involving discrimination, harassment and wrongful termination.
There is no one insurance policy that will cover your business comprehensively, that’s why NEXT makes it easy to add exactly the coverage you need, 24/7.
Boost your coverage, add additional insureds and get instant access to your new certificate of insurance any time you need it online or in our app.
You can start a quote, customize your options and access your certificate of insurance online in about 10 minutes.
Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.