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General Liability and Umbrella Insurance

What is general liability and umbrella insurance?

General liability (GL) insurance, also referred to as business insurance, helps protect your credit union from claims that happen as a result of normal business operations. GL insurance provides insurance coverage for items such as: third-party bodily injuries, medical payments, and advertising injuries (libel, slander, and copyright infringement). When your liability coverage has been exhausted, umbrella insurance provides additional coverage for injuries, property damage, certain lawsuits, and personal liability situations.

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