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Commercial Insurance

Gabriela Jovel

Created on February 2, 2026

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Transcript

COMMERCIAL

INSURANCE

go!

Index

Why Is Umbrella / Excess Liability Needed for a Business?

What Is Typically Not Covered?

Different Commercial Insurance

Workers’ Compensation Insurance

Why Is Commercial Auto Liability Needed for a Business?

General Liability

What does it Cover?

Umbrella / Excess Liability Insurance

What does it Cover?

What Is Typically Not Covered?

What is Typically Not Covered?

What does it Cover?

Why Is Workers’ Compensation Needed for a Business?

Why Is CGL Insurance Needed for a Business?

What Is Typically Not Covered?

Why Is Umbrella / Excess Liability Needed for a Business?

Commercial Auto Liability

Quiz

What does it Cover?

What does it Cover?

Different Commercial Insurance

Auto Liability

General Liability

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Title

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Umbrella / Excess Liability

Workers Compensation

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Subtitle

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General Liability

Commercial General Liability (CGL) insurance is a foundational business insurance policy that protects a company from financial losses caused by claims of bodily injury, property damage, or personal and advertising injury that occur as a result of business operations. It’s designed to cover common risks most businesses face in day-to-day activities.

What does it Cover?
Bodily Injury

Covers injuries to third parties (non-employees) that happen because of your business operations. Examples:

  • A visitor is injured when a shelf falls inside your store.
  • A client trips over exposed wiring at your office.

Property Damage

Covers damage your business causes to someone else’s property. Examples: A cleaning company accidentally damages expensive equipment at a client’s location. A plumber causes water damage while repairing a pipe.

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What does it Cover?
Personal and Advertising Injury

Covers claims related to non-physical harm, such as:

  • A business is sued for using a competitor’s slogan in a marketing campaign.
  • A company posts a client testimonial without permission, resulting in a privacy claim.

Legal Defense Costs

Pays for attorney fees, court costs, and settlements or judgments—even if the claim is unfounded. Examples:

  • Legal fees incurred while defending a false injury claim.
  • Court costs from a lawsuit that is later dismissed.

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What is Typically Not Covered?

Why Is CGL Insurance Needed for a Business?

Accidents happen—even to careful businesses. This policy provides peace of mind so owners can focus on growth.

Even minor accidents can result in expensive legal claims. CGL helps prevent out-of-pocket financial loss.

Many landlords, vendors, and clients require proof of CGL insurance before doing business with you.

Having CGL insurance shows professionalism and financial responsibility

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Covers Everyday Business Risks

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Protects Against Costly Lawsuits

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Often Required by Clients or Contracts

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Builds Business Credibility

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Commercial Auto Liability

Commercial Auto Liability insurance provides coverage for bodily injury and property damage caused by vehicles used for business purposes. It protects the business if a company-owned, leased, or sometimes hired vehicle is involved in an accident. This coverage applies whether the vehicle is driven by the business owner or an authorized employee.

What does it Cover?
Bodily Injury Liability

Covers medical expenses, lost wages, and legal costs if a third party is injured in an accident caused by a business vehicle. Example: An employee causes an accident while making a delivery.

Property Damage Liability

Covers damage to another person’s vehicle or property caused by a business vehicle. Example: A company truck hits a parked car or damages a fence.

Legal Defense Costs

Covers attorney fees, court costs, settlements, or judgments resulting from covered auto-related claims.

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What Is Typically Not Covered?

Depends on the policy, but commonly excluded

Why Is Commercial Auto Liability Needed for a Business?

Without this coverage, a serious accident could threaten the financial stability of the business.

Most states require businesses to carry auto liability insurance for vehicles used in business operations.

Auto accidents can lead to costly medical bills and lawsuits. This coverage helps prevent major out-of-pocket expenses.

Provides protection when employees drive company vehicles as part of their job duties.

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Safeguards Business Assets

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Required by Law

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Protects the Business from Financial Loss

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Covers Employees Driving for Work

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Umbrella / Excess Liability Insurance

Umbrella (or Excess) Liability insurance provides additional liability coverage above the limits of underlying policies such as Commercial General Liability (CGL), Commercial Auto Liability, and Employers Liability. It helps protect a business when a large claim exceeds the limits of its primary insurance policies.

What does it Cover?
Additional Coverage Limits

Provides extra limits once the underlying policy limits are exhausted. Example: A lawsuit exceeds the $1,000,000 limit on a CGL policy, and the Umbrella policy helps cover the remaining amount.

Bodily Injury Liability

Covers serious injuries to third parties when damages exceed the limits of the underlying policies. Example: A severe accident results in long-term medical expenses and legal costs that surpass the primary policy limits.

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What does it Cover?
Property Damage Liability

Covers significant damage to third-party property when losses exceed underlying coverage limits. Example: A business causes major structural damage to a client’s property, resulting in high repair costs.

Legal Defense and Settlement Costs

Covers legal defense expenses, settlements, or judgments once the limits of the underlying policies have been reached. Example: Ongoing legal defense costs continue after the primary policy limits are exhausted

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What Is Typically Not Covered?

Varies by policy, but commonly excluded

Why Is Umbrella / Excess Liability Needed for a Business?

Provides high liability limits at a relatively low cost compared to increasing individual policy limits.

Large claims can easily exceed standard policy limits. Umbrella coverage provides an extra layer of protection.

Helps prevent large out-of-pocket payments that could threaten the financial stability of the business.

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Extends protection across multiple liability policies under one coverage.

Protects Against Catastrophic Claims

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Cost-Effective Coverage

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Preserves Business Assets

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Enhances Overall Risk Protection

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Workers’ Compensation Insurance

Workers’ Compensation insurance provides coverage for employees who are injured or become ill as a result of their job duties. It helps cover medical expenses, lost wages, and rehabilitation costs, while also protecting the employer from employee injury-related lawsuits.

What does it Cover?
Medical Expenses

Covers medical treatment related to a work-related injury or illness. Examples: Emergency room visits, hospital stays, and surgeries, doctor visits, prescriptions, and physical therapy.

Lost Wages (Disability Benefits)

Provides partial wage replacement if an employee is unable to work due to a covered injury or illness. Examples:

  • Temporary disability while recovering from an injury
  • Permanent disability benefits if an employee cannot return to work

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What does it Cover?
Rehabilitation and Recovery

Covers rehabilitation services to help employees return to work. Examples:

  • Physical or occupational therapy
  • Vocational training if an employee cannot return to their previous role

Death Benefits

Provides benefits to dependents if an employee dies as a result of a work-related injury or illness. Examples:

  • Funeral expenses
  • Ongoing financial support for surviving family members

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What Is Typically Not Covered?

Varies by policy, but commonly excluded

Why Is Workers’ Compensation Needed for a Business?

Most states require businesses with employees to carry Workers’ Compensation insurance.

Ensures injured employees receive medical care and income support while recovering.

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Helps limit lawsuits by providing no-fault coverage for workplace injuries.

Helps employees recover and return to work faster, reducing downtime.

Required by Law

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Supports Business Continuity

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Protects Employees

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Protects Employers

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Quiz

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