COMMERCIAL BUSINESS POLICY AND BUSINESS OWNERS POLICY?
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You may be wondering what the difference is between a Commercial General Liability (CGL) policy and Business Owners Policy? Well, while CGL only covers liability losses the latter covers both liability and property losses.
If you own or operate a business, it's important to protect yourself from property and liability claims. That’s why most businesses need general liability insurance.
The CGL policy is a comprehensive form that provides coverage for bodily injury, property damage and personal injuries. In addition to that it also offers a defense against any charges brought upon the insured (if what they are accused of is covered under their policy).
What’s great about a Business Owners Policy, also called a B.O.P. is that it covers more than just your liability. You get coverage for the building and business personal property too. It combines commercial property and business income with your general liability coverage.
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