What type of insurance should a person or business purchase to cover all liability exposures?

Purchasing Commercial General Liability (CGL) and Professional Liability insurance is essential for individuals or businesses aiming to cover all liability exposures comprehensively. CGL provides protection against many common liabilities, including bodily injury, property damage, and personal injury claims that may arise from business operations, products, or advertising. This type of insurance is foundational for businesses as it safeguards against a wide array of risks that can lead to lawsuits or claims from third parties.

Professional Liability insurance, on the other hand, is crucial for professionals who provide services or advice. It covers claims that might arise from errors, omissions, or negligence in the performance of professional duties. By combining both CGL and Professional Liability insurance, a business or individual can address a broad spectrum of liability risks, ensuring that they are protected against most situations that could result in legal claims.

This dual approach to liability insurance ensures coverage across operational risks and professional service-related exposures, which is why opting for both types is the appropriate choice for comprehensive liability coverage. Other types of insurance such as property insurance and workers' compensation serve specific purposes (covering property loss and employee injuries, respectively) but would not address the full range of liability exposures one might face. Health insurance is aimed at medical expenses and does not relate to