General Liability Insurance is one of the most important types of liability insurance policies a professional can have in place in order to protect their business. Lawsuits are extremely expensive and can have a long-lasting effect on your business and its reputation. General Liability Insurance not only covers bodily injuries and property damage to third parties, but it can also provide defense coverage against claims related to these incidents.
You may have also heard the phrase: Commercial General Liability
General Liability Insurance helps protect your business from a loss should you be found liable for bodily injury or property damage to a third-party. If you are found liable for any of the above, General Liability Insurance can help cover the costs associated with legal fees or monetary damages due to the injured third-party.
This occurs when you unintentionally damage or destroy someone else’s property while on the job. General Liability Insurance covers the costs associated with replacing or repairing the damaged property. This can also cover any legal expenses incurred due to this incident.
Third-party bodily injury can occur when a client injures themselves because of your negligence, either on or off your premises. General Liability Insurance can cover the costs associated with medical bills and lost wages, as well as any fees related to a lawsuit stemming from this incident.
Medical expense coverage can provide payment for third-party medical expenses, regardless of fault, up to $5,000.
Personal and Advertising injury can occur when an individual accidentally commits copyright infringement or makes a false statement that is considered to be detrimental to another client, or company’s reputation (i.e. defamation of character). A General Liability policy can cover the legal costs arising from the non-physical damages caused by your business’s actions.
Abusive Conduct coverage can protect you against losses related to lawsuits that arise from claims of abuse. The type of abuse can range anywhere from physical, verbal, emotional, or psychological.