What is a key characteristic of a "commercial general liability" policy?

A key characteristic of a commercial general liability policy is that it provides comprehensive coverage for businesses against various risks. This type of policy is designed to protect businesses from a wide range of liabilities that can arise during the operation of their business activities, including bodily injury, property damage, personal and advertising injury, and rented premises liability.

Commercial general liability policies are vital for businesses of all sizes, offering a safety net against lawsuits and claims that could potentially threaten their financial stability. The comprehensive nature of the coverage helps businesses manage their risk exposure effectively. This is essential for operational resilience as it covers incidents that may occur on business premises or as a result of business operations, thus securing the organization's financial future.

Other options do not capture the full scope of coverage afforded by a commercial general liability policy. The policy is not limited to just property damage claims, is suitable for a range of businesses beyond just small ones, and it does not automatically exclude employee-related claims, as certain aspects of employee coverage can be included under specific conditions.