What type of insurance would cover property damage and bodily injury claims?

The type of insurance that would cover property damage and bodily injury claims is Commercial General Liability (CGL) insurance. This type of insurance is designed specifically to provide coverage for a business in the event that it is held liable for causing physical harm to a third party or for damaging their property during the normal course of business operations.

CGL policies typically cover a wide range of incidents, including slips and falls on business premises, injuries caused by business operations, and damage to third-party property. This means if a customer trips and falls at a retail store, or if a contractor accidentally damages a client's property while working, the CGL policy would respond to claims for damages and associated legal costs.

In contrast, other types of insurance, such as Error and Omissions Insurance, are primarily focused on malpractice claims or omissions related to professional services rather than general liabilities arising from physical damage or injuries. Similarly, Directors and Officers Liability and Professional Liability Insurance provide protections for specific situations tied to the actions of individuals in leadership roles or professional errors rather than general business operations and liability toward third parties.