Who is considered third-party?

As a business owner, you come into contact with many third-parties, including clients, vendors, and other businesses, who may be involved in an accident or claim your business caused them loss or damage. For coverage purposes, this definition of a third party does not include your employees or sub-contractors.

 

How is general liability insurance calculated?

General Liability Insurance costs are calculated based on a few different factors such as industry, projected revenues, and the number of years in operation. Insurance companies have collected decades’ worth of data to predict the risk associated with different industries, business sizes, and many other factors to help them calculate your yearly premium cost.

What is the difference between Public Liability Insurance and Commercial General Liability Insurance?

The primary difference between Public Liability Insurance and Commercial General Liability (CGL) insurance is the risks they cover. Public Liability Insurance provides financial coverage against the public’s claims against your business for personal injury or property damage. CGL is a more accessible form of insurance that provides a more extensive range, covering personal and advertising injuries and everything public liability covers.