Running a business means ensuring that all the cogs are working properly, and that no elements of the clockwork are broken or missing. Insurance is a vital part of this process, particularly if you have employees or any contact with customers and partners. You may be wondering, however, what types of insurance you need. <\/p>\n\n\n\n
Commercial general liability insurance, or GLI, is a type of\ninsurance policy designed to protect you as the business owner and the company\nin general from common risks, including property damage or injury sustained on\nthe premises. Essentially, general liability business insurance protects you\nfrom having to pay out of pocket for things like doctors\u2019 or attorneys\u2019 fees.\nIt\u2019s a way of protecting your assets so your business can continue to operate\nand you can ensure your employees are paid. For small businesses that lack this\ntype of insurance, a single uninsured claim could decimate your operating\nbudget. <\/p>\n\n\n\n
To help determine if you need GLI insurance, it\u2019s a good\nidea to understand what types of events it protects your business against. GLI\nwill protect you and your business from the following: <\/p>\n\n\n\n
Bodily injuries.<\/em><\/strong> These include any type of\nillness or injury that may have resulted from your business operations, such\nfalls on your premises by customers or visitors. Note that it will not cover\nemployee on-the-job injuries, as those are covered by your worker\u2019s\ncompensation insurance policy. <\/p>\n\n\n\n Property damage.<\/em><\/strong> This damage may occur on your\nown premises or on a customer\u2019s premises. (Imagine one of your employees breaks\na window accidentally while performing work at a client site.) GLI will cover\nthe cost of the resulting repairs. <\/p>\n\n\n\n Libel or slander.<\/em><\/strong> Depending on the nature of\nyour business, you may be open to being sued for libel or slander and damage to\nanother person or business\u2019 reputation. GLI insurance will help pay your business\u2019\nlegal fees if you are sued. <\/p>\n\n\n\n Administrative costs.<\/strong> GLI will also help you defray\nany administrative costs you might accrue to handle covered claims, as well as\ncourt costs, judgments, and settlements. <\/p>\n\n\n\n This will depend on a number of factors, including the size\nand nature of your business, the number of employees you have, your physical\npremises, the condition of your building and other premises and how long you\u2019ve\nbeen in business. The cost of the premium will also depend on what type of\npolicy you prefer and how much coverage you need. <\/p>\n\n\n\n To make sure you have the right type of GLI coverage in\nplace and get an idea of how much it will cost, contact an independent\ninsurance agent who can help you build a policy that is right for your business.\nIn Connecticut, Petruzelo Insurance offers personal<\/a>\nand business policies<\/a>\nthat fit your needs and protect your home and business. Call us at 866-479-3327\nor visit\nour web site<\/a> for more information. <\/p>\n","protected":false},"excerpt":{"rendered":" Running a business means ensuring that all the cogs are working properly, and that no elements of the clockwork are broken or missing. Insurance is a vital part of this process, particularly if you have employees or any contact with customers and partners. You may be wondering, however, what types of insurance you need. Commercial […]<\/p>\n","protected":false},"author":1,"featured_media":3239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/comments?post=3238"}],"version-history":[{"count":1,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3238\/revisions"}],"predecessor-version":[{"id":3240,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3238\/revisions\/3240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media\/3239"}],"wp:attachment":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media?parent=3238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/categories?post=3238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/tags?post=3238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How Much Do GLI Premiums Cost?<\/h2>\n\n\n\n
Talk to an Insurance Agent<\/h2>\n\n\n\n