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General Liability Insurance

General Liability Insurance Retcho Insurance Agency Closter New Jersey

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Commercial General Liability Insurance

Commercial general liability insurance (also called business liability insurance and commercial liability insurance) protects your company from everyday business risks like customer property damage or injuries, and slander and libel accusations.  

Commercial General Liability insurance does not cover damage to your property, premises you own, or injuries to your employees. It is a coverage that responds to claims of bodily injury, sickness, or disease, including death of the other party. It also provides coverage for claims involving false arrest, libel and slander, wrongful eviction of others, invasion of privacy, copyright infringement, trademark infringement, and malicious prosecution. Policy coverage example as follows:

  • Bodily Injury - Physical damage to a person other than an employee at your place of business, as well as injuries caused by you or an employee at a client's home or workplace.

  • Property Damage - harm done to someone else's property by you or an employee.

  • Personal Injury - Libel, slander, copyright infringement, invasion of property or privacy, wrongful eviction, false arrest, and similar acts that harm a person's reputation or rights are examples of personal injury.

  • Advertising injury - refers to financial losses caused by your advertising.

  • Legal Defense and Judgments - legal defense and judgment costs up to the limit of your coverage. It should be noted that this generally excludes punitive damages for willful or negligent misconduct.

Accidents and lawsuits (both legitimate and frivolous) do occur in New Jersey. If your New Jersey small business or large business owns property or other valuable assets, you should invest in adequate commercial general liability coverage to limit your risk exposure.

If you need general liability insurance in Closter NJ or any other part of the state, give our insurance agents in Closter a call.

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