General Liability Insurance (also called Commercial Insurance) helps protect your company or professional practice from claims of bodily injury to a customer or damage to a customer’s property resulting from using your product or service. Many General Liability policies also cover claims of personal injury such as libel or slander and advertising injury claims of misrepresentation of your products or services. Sometime, General Liability is included as part of a comprehensive Business Owners Policy (BOP). However, coverage in those instances are typically low and may not offer sufficient protection for your specific risk exposures. General Liability insurance is an essential part of your business insurance portfolio, whether you work from an office, out of your home or in the field. If you are starting a company, it is a good practice to purchase your General Liability coverage before you open for business. If you already have a General Liability policy, you should review it periodically to make sure it is up to date. As your business expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.
You can get quotes for General Liability insurance using the form shown at the top of this page.
Who Needs General Liability Insurance?
You need General Liability insurance coverage if:
Your clients or investors require it as a condition of doing business with you
Your trade association requires you to carry it as a condition of membership
You operate a business with a high risk of generating lawsuits
You live in a state that has a history of awarding high damages to plaintiffs
You have personal assets that could be jeopardized if a client sued you
What General Liability Risks Do You Face?
All businesses in today’s litigious society are at risk of a general liability claim, but some businesses face greater risks than others. A few examples include companies that operate heavy machinery, serve food or beverages, make products that are consumed, make toys or exercise equipment, rent property or vehicles, or have drivers or delivery people on the road. But even if you’re a bookkeeper, you could be sued if a client is injured while on your premises. If you’re a contractor and drop a ladder on a client’s car, you could be sued. And if you make any kind of claims in your advertising that you can’t prove, you can be sued. Even if you aren’t at fault, defending yourself against a suit could mean financial ruin for you and your business. Without adequate General Liability coverage, you could be forced to sell off your personal assets to repay your clients. You would also have to pay for your own defense and any costs associated with a judgment against you. General Liability coverage allows you to continue doing business while claims against you are being settled.
What Does General Liability Insurance Cover?
Your basic General Liability insurance covers financial losses and the costs and damages resulting from claims up to the limit of your policy for bodily injury, property damage, personal injury (slander and libel) and advertising injury suffered by a customer that is caused by you, an employee or a subcontractor. General Liability insurance also covers the cost to defend or settle claims, even when they are fraudulent, although it typically does not compensate for punitive damages that are assessed for negligence or willful misconduct. It is possible to purchase a Commercial Umbrella Liability policy to guard against claims of that nature. General Liability does not cover replace Employment Practices Insurance, Errors and Omissions Insurance or Directors and Officers Insurance (if your business requires that coverage).
Affordable Quotes for General Liability Insurance
Policies for General Liability coverage affordably priced, however your quotes will depend on the size and type of your business, where your operation is located, your previous claims history and loss experience among other factors. Coverage is typically capped at a specific dollar amount for your policy period. That’s why it’s important to fully assess your risk exposure and purchase a policy that will best protect you.
It pays to shop for General Liability insurance. You can get competitive quotes from one or more insurance companies by completing the form at the top of this page. If you do not wish to purchase coverage now, please leave your policy expiration date on the form provided. When your expiration date is closer, you will be contacted so that you can comparison shop for General Liability insurance at that time.
Protect your business from exposure to risk. Gets quotes for General Liability insurance now.