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General Liability Insurance, sometimes called business liability insurance or commercial general liability insurance, helps protect your business from claims of bodily injury and property damage. These kinds of claims may come up during normal business operations. Without coverage, you would have to pay for damages out of pocket.
General Liability Insurance helps cover costs when you're responding to a claim that your business caused property damage or bodily injury. It can help you with the following:
Example: A customer's or vendor's medical expenses if they slip and fall on your business property.
Example: Repair costs to fix a wall that your employee accidentally damaged while working at a customer's home.
Example: Defend your business from a lawsuit or cover costs from judgments or settlements arising from a lawsuit.
This is a question many business owners ask. And they don’t just want to know what it is, they want to know if they need it. The truth is, liability insurance is an essential part of an insurance plan. General Liability Insurance help cover claims that your business caused bodily injury or property damage. This coverage is also known
General Liability Insurance helps cover costly claims that can come up during normal business operations. If you don’t have coverage, you would have to cover these claims out of pocket, and not all businesses have the resources to do that. A General Liability Insurance policy helps cover claims that your business caused:
Be aware that general liability insurance doesn’t cover every kind of claim. For example, it doesn’t help your business with claims of:
In addition to General Liability Insurance, there are other types of liability insurance you can get:
Liability claims aren’t uncommon and they can get expensive. In fact, 4 out of 10 small businesses will likely experience a liability claim in the next 10 years.** Slips and falls are the leading cause of emergency room visits.1 The average cost of this kind of claim is $35,000. If a claim leads to a lawsuit, it can increase its average cost to more than $75,000 to defend and settle.** Without general liability insurance, your business would have to pay for these costs out of pocket and it can put you out of business.
You may also need general liability insurance before you can work with other businesses. Some companies may ask you to provide proof of insurance, also known as a certificate of insurance.
Even though every business is unique, each one can benefit from having general liability coverage. We can work with you to customize your policy so you get the coverage amounts that are right for your business.
We’re backed by more than 200 years of experience and have helped over 1 million small business owners. We’re here to do the same for yours. Whether you’re wondering “what is general liability coverage,” need a quote or help going through the claims process, our specialists are here for you. They consistently receive top scores for customer satisfaction, so you can have peace of mind knowing they’ve got your back.
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