What is General Liability insurance?
General Liability insurance is a type of insurance that protects a wide range of risks, including bodily injury, property damage, personal injury, and others. It can also provide coverage for legal costs and expenses associated with defending against a liability claim. Businesses typically purchase General Liability insurance as part of a business insurance package. However, General Liability can also be purchased as a stand-alone policy.
What does General Liability insurance cover?
General Liability insurance typically covers the following types of risks:
- Bodily Injury: This type of coverage protects the insured against claims for bodily injuries sustained by third parties in connection with the business operations. This includes claims for medical expenses, lost wages, and pain and suffering.
- Property Damage: This type of coverage protects the insured against claims for damage to property belonging to third parties in connection with the business operations. This includes claims for repairs, replacement, or loss of use of the damaged property.
- Personal Injury: This type of coverage protects the insured against claims for injuries to the reputation or character of third parties arising out of the business operations. This includes claims for libel, slander, defamation, or invasion of privacy.
- Advertising Liability: This type of coverage protects the insured against claims of slander, defamation of character, libel, copyright infringement, or a number of other offenses that arise from advertising or marketing efforts.
Does my business need General Liability insurance?
Whether your business needs General Liability insurance depends on a number of factors, such as the type of business you operate, the level of risk involved in your operations, and your legal obligations.
In general, most businesses can benefit from having General Liability insurance as it provides protection against a wide range of risks that can arise from business operations.
Contact an insurance agent for more information
Before purchasing General Liability insurance, consult with an insurance professional to determine the appropriate level of coverage for your business. Contact us and we can help you locate an insurance agent in your area.Find an Insurance Agent Near You