General Liability Insurance

What Is General Liability Insurance?

General liability insurance, sometimes called business liability insurance commercial general liability coverage , helps protect your company from claims of bodily injury and property damage. These types of claims can come up during normal operations. Without a plan in place to cover potential damages, you would end up paying for them out-of-pocket.

What Does General Liability Insurance Cover?

General liability insurance covers your costs to respond if you caused property damage or bodily injury. It can help pay for:
A customer's medical expenses after slipping and falling in the business,
The cost of repairing a wall that an employee accidentally damaged while working at someone's home,
Legal fees when defending against lawsuits from customers or clients who've been injured because of negligence on behalf of your company.


General liability insurance can help cover claims of:

Bodily injury or property damage that your business causes. Bodily injury can occur if a customer hurts themselves while visiting your store, for example by receiving an electric shock from one of the electrical outlets in the bathroom area. Property damages may be caused as well when you lease out commercial space and there's a fire due to faulty wiring or any other type of covered loss such as lightning striking nearby during storms causing power surges which cause fires - all are types of possible losses you'll want coverage for under this section since they're pertinent to what happens within our own establishments with people who come through on their days off work looking forward to seeing us!


Who Needs General Liability Insurance?

In the next decade, four out of 10 business owners will likely experience a property or general liability claim. These claims can range from an unexpected incident such as burglary to unforeseen accidents like when one of your customers slips and falls on their way into your store.


How Much Does General Liability Insurance Cost?

General liability insurance cost can be difficult to calculate when it is based on many factors. One factor that would affect your general liability coverage price depends on the type of company you are in, as higher risk industries will usually pay a much more significant amount than lower-risk businesses like consulting companies. Other details such as years of experience or location could also have an impact, but one thing for sure is that the different policy options and deductibles may end up costing you less depending upon how risky they seem to be from what their history has been with claims against them.


Why Do You Need General Liability Insurance?

It’s important to make sure you have General Liability Insurance. This type of insurance can help protect your business from costly liability claims, and it is especially helpful when things don't go as planned - like if one of your employees gets injured during a meeting with clients face-to-face or an employee working on someone else's property accidentally damages something while they are there.

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