General Liability Insurance
General liability insurance is a foundational coverage for businesses, providing protection against a range of common risks. It serves as a crucial shield, safeguarding businesses from financial losses due to third-party claims for bodily injury, property damage, advertising mistakes, or related lawsuits.
What does general liability insurance cover?
BODILY INJURY
If a person who is not an employee is injured on your business premises or due to your business operations, this coverage helps pay for medical expenses, legal costs if you’re sued, and any settlements or judgments resulting from the injury.PROPERTY DAMAGE
If your business causes damage to someone else’s property (excluding property in your care), this coverage helps cover the costs of repair or replacement.ADVERTISING INJURY
Covers against claims of libel, slander, copyright infringement, or similar issues arising from your advertising efforts.LEGAL DEFENSE COSTS
General liability insurance typically covers legal defense costs, regardless of fault, if your business is sued for covered claims.Why do I need general liability insurance
No business is immune to unexpected accidents or lawsuits. Even a minor incident can lead to substantial financial strain, including legal fees, medical expenses, or settlement costs. General liability insurance provides a safety net, ensuring that your business can weather such situations without significant financial setbacks.Note
Specific coverages and exclusions may vary depending on the policy terms and conditions.