What Does the Insurance Policy Include?

Every renter benefits from general liability (GL) insurance  after booking and paying for a space located in the United States via the Storefront website. This protection, also known as business liability insurance or commercial general liability (CGL) insurance, protects your business should injury or property damage occur to others as a result of your business operations. Spaces located outside the United States are not eligible for a general liability (GL) insurance. 

The policy generally covers:
  • Property Damage: Damage to property that you are legally liable for (including rented property).
  • Bodily Injury: Injuries to persons for which you are legally liable.
  • Medical Payments: Bodily injury that occurs during the course of your business operations.
  • Defense Costs: Suits against your company regardless of fault.
  • Personal & Advertising Injury: Claims of slander and libel that are not part of your professional services.
Here are some claims scenarios that a general liability policy might be used for:
1. Customer at the insured’s premises slips and falls on a wet floor and customer’s hip is broken. The customer sues the insured for negligently failing to remedy the hazardous condition (wet floor).
2. The insured’s laser printer overheats in the middle of the night and catches on fire, and the fire spreads throughout the building and damages the property of several other tenants in the same building. Both the landlord and the other tenants would seek to recover the damages to their building and contents from the insured’s liability policy, but the insured’s own property would not be covered.

Note - you do not qualify for Storefront insurance if you pay directly without using Storefront's payment system


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