From manufacturing consumer goods to large equipment or wholesaling products to import/export distribution, there are a vast range of specialized industries that require specialized insurance coverage due to the unique risks they face. But how do you know the inherent types of risks you face in your industry? By talking to one of our industry experts, who can guide you through a detailed evaluation of your insurance needs.
Just how important is commercial general liability to your businesses’ ability to protect itself?
Commercial general liability (CGL) is a key part of the basic coverage for most industries, serving as the foundation for practically every business insurance policy because of the relative frequency of liability claims in today’s business world. This frequency, and the wide exposure of each business to claims of negligence causing bodily injury, property damage or loss of life, makes CGL one of the most commonly sold coverages.
As a long-time insurer of manufacturers, we know equipment breakdown can a key issue for you. But so is replacing that equipment if you face a large claim. We make sure your equipment is valued appropriately– by replacement cost rather than by purchase cost – so that it gets replaced if you face a significant loss.