5038 Cemetery Rd
Hilliard, OH 43026
Commercial insurance provides businesses with liability protection from a range of risks and is known more specifically as Commercial General Liability (CGL) in the United States. CGL is the primary insurance for most businesses and typically covers most common risks such as bodily injury and property damage that occurs on the premises or is due to the business’s operations. CGL specifically excludes risks from professional services and personal liability of a company’s officers. Products that carry specific risks such as liquor are also prohibited from coverage by CGL, so businesses need separate policies to cover these items. Stanley Insurance Group in Ohio provides commercial insurance in addition to a range of other insurance products.
The probability that a business will be sued is increasing steadily in Ohio, especially during the last decade. CGL can help prevent a lawsuit from becoming a financial disaster by providing coverage in the event a business is ever held legally responsible for some injury or damage, whether it’s real or alleged. The specific risks that should be covered in a CGL policy are highly dependent on the particular type of business being insured. Similarly, the coverage limit on each risk can also vary greatly.
Product liability is a type of CGL insurance that protects a business in Ohio from lawsuits resulting from product-related injuries and damage. Products and completed operations is a more specific form of product liability insurance that covers damages and legal expenses resulting from an injury caused by a company’s products or services.
Bodily injury liability covers the cost of care, loss of services and death caused by an injury that was the fault of the company. Property damage liability covers physical damage to property or the loss of use of the property. Contractual liability covers various risks that the business is subjected to when they enter into a contract.
Call Stanley Insurance Group in Ohio today to find out more about our commercial insurance products.
Our primary location is in Hilliard, OH and we serve our clients in all the surrounding cities in Ohio.