If ever there is an instance your company allows for use of your property by another organization, company or group, it is necessary to have a quality insurance policy in place for this particular situation. It is necessary that said individuals receive at least minimal coverage upon physical injury or other issues occurring. You can obtain this through an agency such as San Marcos Insurance Group, which serves the greater Chandler, AZ area.

Read on to learn more about the insurance policy you will need when you have outside individuals using your commercial property.

The Basics of the Commercial General Liability Policy

Commercial General Liability policy (also known as CGL) keeps your business protected in terms of instances in which you would be held liable for negligent acts that are not of a professional nature. Though this commonly is thought of to protect the company from a customer suing after bumping into, tripping, or otherwise becoming harmed on the property, it also covers outside entities who become injured in some way.

In order to ensure that this is active and coverage will be in place, it may be necessary for a representative of the group to read a form explaining what will and will not be covered. This serves a two-fold purpose of lessening the burden on the injured party, and protecting your assets.  

How to Purchase a Commercial General Liability Policy

This may be purchased as a stand-alone policy. Also, you can purchase it as part of a Commercial Package or Business Owners Policy. A qualified agent in Chandler, AZ can explain the coverage you need for your business activities. Reach out to San Marcos Insurance Group today to get started.