If you own a business, you need to carry a commercial general liability insurance (CGL) policy. This is often referred to as just a general liability (GL) policy. As a business owner, you should always carry a general liability insurance policy. It helps to increase the legitimacy of your business and offers other benefits as well.

Benefit #1: Shows Responsibility

Carrying a general liability insurance policy communicates to customers, vendors, and clients who you work with that you are responsible. It shows that you are willing and prepared to take responsibility for any accident that occurs on your business premise or when you are doing a business job. It shows that you care about your business. It also shows that you care about your customers and visitors and that everyone's well-being is at the top of your mind.

Benefit #2: Serious 

Second, carrying a general liability insurance policy is a great way to show that you are serious about being in business. It shows that you are not willing to risk an accident ruining and destroying your business. It shows that you are serious about your business's future. It is a great way to reinforce trust and help customers and clients take your business more seriously. Clients may ask or inquire if you have a liability policy, and having one already in place is a great way to show people you are serious about your business. 

Benefit #3: More Contracts

If your business relies on contracts, having a commercial liability policy in place is a great way to gain more clients. Many clients are not going to want to work with you if you don't have a liability policy. They don't want to have to take on an additional risk on their insurance by working with you. They want to work with a business that will own its mistakes, and that will own their actions. When you have a general liability insurance policy in your name, you are showing that you own your actions and that you will be responsible for your actions. Having the right insurance in place can help you secure more contracts, and thus improve the success of your business. 

Carrying general liability insurance is a great way to show clients and customers that your business is responsible, serious about its future, and interested in working with more clients and securing more contracts. It is also the best way to protect your business from litigation that could otherwise bring it down. Look into commercial liability insurance for more information.