How commercial general liability insurance functions

Insurance companies differ in their policies and an understanding of all these will really help the insurers’ decision making. As an owner of a business or leader of an organization, it will be reasonable to understand the general policies, definitions and what an insurance policy covers. this is the major reason why general commercial liability insurance such as Illinois commercial general liability insurance is set up to enlighten business people and other commercial bodies on what they should generally be insured.

 General aggregate:

As an insurer, a general aggregate is the maximum amount of money you will pay for all claims during the period of the policy.

Medical insurance limit:

This covers payment for any medical issue or expenses resulting from either an accident or sickness. This accident can be to your business, a rented or owned business even at your fault.

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