General liability insurance, also known as commercial general liability (CGL) insurance, is a type of insurance that protects businesses from third-party claims of bodily injury and property damage. It is one of the most common types of insurance for small businesses, as it covers a wide range of risks.

 

General liability insurance covers the cost of defending against a liability claim, as well as any settlements or judgments that may result from a lawsuit. This type of insurance can also cover medical expenses for any injuries that occur on your property or as a result of your products or services.

 

The coverage of general liability insurance can be customized to meet the specific needs of your business. Some common coverage options include:

 

  •  Bodily injury: Covers medical expenses if a customer or other third party is injured on your property or as a result of your products or services.
  • Property damage: Covers the cost of repairs if a customer’s property is damaged while on your property or as a result of your products or services.
  • Advertising injury: Covers the cost of defending against a claim of libel, slander, copyright infringement, or similar issues arising from your advertising efforts.
  • Personal and advertising injury: Covers the cost of defending against a claim of libel, slander, copyright infringement, or similar issues arising from your advertising efforts.
 
General liability insurance also includes limits and exclusions, which are the maximum amount the insurance company will pay out for a claim and the specific circumstances where the insurance does not provide coverage.

 

It is important for any business owner to have a general liability insurance as it helps safeguard the business against financial losses, especially if a third party gets injured or their property gets damaged. Contact us today to get the best general liability insurance for your business with our expert guidance.