General Liability
Definition
Commercial insurance coverage that protects businesses against claims of bodily injury, property damage, and personal/advertising injury caused to third parties. Also called Commercial General Liability (CGL). It is the foundational coverage for most businesses and is commonly required in contracts and leases.
When This Matters
A customer slips in your store and breaks their hip. Your general liability policy covers their medical bills, lost wages, and legal defense costs if they sue.
Related Terms
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