Understand General Liability Exclusions

| General Liability Insurance, Insurance Claims, Insurance education.

The commercial general liability (CGL) policy provides remarkably broad coverage for property damage and bodily injury claims. As with all insurance policies, understanding what is not covered is just as important as understanding what is covered. Because the CGL policy is the foundation of most business insurance plans, it is critical to understand general liability… Read more »

Is General Liability Insurance Enough?

| Business Insurance, General Liability Insurance, Risk Management, Workers Compensation Insurance.

Most business owners understand that they need to carry some type of insurance to protect their operations and assets.   One of the most commonly requested types of coverage is General Liability insurance (aka the CGL policy).  But, is general liability insurance enough? In simplistic terms, general liability provides coverage for bodily injury and property damage that… Read more »

Why You Should Read Your Insurance Policy

| Auto insurance, Business Insurance, Condominium Insurance, Earthquake Insurance, Flood Insurance, Garage Insurance, General Liability Insurance, Homeowners Insurance, Insurance Claims, Insurance education, Renters Insurance, Risk Management, Workers Compensation Insurance.

An insurance policy is nothing more than a contract between you, the policyholder, and the insurance company.   Because the insurer develops the policy verbiage and structure, insurance contracts are considered “contracts of adhesion“.   This means the policyholder has almost no ability to modify the language of the contract.  It does not mean, however, that you should… Read more »

Commercial General Liability Insurance: Coverage and Exclusions

| Business Insurance, General Liability Insurance, Insurance Claims, Insurance education, Risk Management.

In our many years of providing business insurance in Las Vegas, we have found that commercial general liability insurance (CGL) coverage is one of the most commonly requested, and yet least understood types of policy.   Part of the problem may be in the name:  “general liability”. It sounds broad, all-encompassing, and comprehensive. In many respects the CGL policy… Read more »

Contractual Liability – A Love/Hate Story

| Business Insurance, Flood Insurance, General Liability Insurance, Insurance education, Risk Management.

If, in the course of business operations, you have signed a lease or subcontract agreement, then contractual liability is a part of your life, whether you realize it or not. Contractual liability, simply put, is the obligations or liability you assume by agreeing to the terms of a contract. To illustrate, let’s look at very… Read more »