Commercial General Liability

The Commercial General Liability policies are made up of a number of legally mandatory insurance policies. They are the Fire Protection Policy, the Public Liability Policy and the Motor Insurance policy.

These policies are required by law and thus not having them in place will incur serious legal consequences from the National Insurance Commission and the law enforcement agencies.

Let’s look at the most obvious benefit of having general liability coverage. It protects you against the unexpected.

You might think you have control over every aspect of operations, but accidents happen. By having adequate coverage, you can rest easy knowing you have protection if any unfortunate incidents occur.

If you regularly place bids for large contracts, having a general liability insurance policy in force could help you close more contracts. Many firms require you to have coverage before bidding on or closing a deal.

By having your policy already in force, you’re one step ahead of the competition.

Data security is incredibly important. If your company regularly keeps customer information including names, addresses, and social security data, having a general liability insurance policy is a must.

Many policies now include a provision for electronic data liability, which could protect your company in the event of a hacking situation.

Keep in mind, if your general liability coverage does not apply to these situations, you might have recourse. Another type of liability insurance, called cyber liability coverage, might help.

If you regularly meet face-to-face with clients the chance of an injury claim increases. Instead of being fearful, you have the option to know you have protection by your general liability insurance policy.

Yes, the Fire Protection Policy, the Public Liability Policy and the Motor Insurance policy are required by law.

Yes. You choose the amount of your general liability deductible when you get a quote. A deductible is a fixed out-of-pocket expense you agree to pay before your coverage starts to pay.

Yes. The Professional liability policy under the Commercial General Liability Policies provides coverage for claims against you for professional neglect or mistakes.

A certificate of insurance (COI) is an official document that lists all coverages and limits on an insurance policy. Essentially, it proves that you have insurance and details your policy coverages and limits.

With over 38 years experience in the Ghanaian insurance industry, our experts will ensure your insurance solution is tailored to your business needs, giving you the best cost saving with respect to your premium.