Ever wondered about the difference between a CGL policy and Professional Liability insurance? 🤔 You're not alone! Many business owners get these two confused, but they cover very different risks.
🏢 Commercial General Liability (CGL) Insurance: Think of this as your shield against "slip-and-fall" scenarios. It covers bodily injury or property damage to a third party that happens on your business premises or as a result of your operations.
💼 Professional Liability Insurance (aka Errors & Omissions): This one's about the services or advice you provide. It protects you from claims of negligence, misrepresentation, or mistakes that cause a client to suffer a financial loss.
So, which one do you need? Often, the answer is BOTH! Especially if clients visit your office AND you provide professional services.
Understanding your risks is the first step to protecting your business.
