Unfortunately, it is not uncommon for a specific type of insurance coverage or policy to be referred to by a number of synonymous names. One area of insurance in NY where this is particularly prevalent is in the area of liability insurance.
Commercial insurance brokers in NY are often asked such such questions as: “what is commercial general liability insurance?” It is first helpful to know that this type of coverage is also referred to as general liability, business liability, commercial general liability, CGL, and even just liability insurance.
