What is the basic limit per person for Medical Payments under a Commercial General Liability Policy?

The basic limit per person for Medical Payments under a Commercial General Liability Policy is indeed $5,000. This coverage is designed to provide immediate medical expenses for injuries sustained by third parties, regardless of fault, that occur on your premises or in connection with your business operations. The $5,000 limit operates as a quick-response feature, allowing for prompt payment for medical bills without the need to establish liability or go through lengthy claims processes. This serves to foster goodwill and can help prevent potential legal disputes stemming from minor injuries.

Other options like $10,000, $100,000, and $1,000,000 often represent higher coverages or total policy limits, but they are not the standard base limit for Medical Payments in a typical Commercial General Liability Policy. This standard amount is established in many insurance contracts to ensure a consistent and manageable approach to covering minor accidental injuries.