What is General
Liability Insurance?
A general liability insurance policy also known as business liability insurance provides businesses with protection against property damages and bodily injuries. A general liability insurance is a must for every company whether small, medium or a large corporate company. It can provide great assistance in covering all the medical and legal bills associated with bodily injures and also pay for all property damages for which the business is primarily responsible.
But a general liability insurance doesn’t provide coverage against injuries to employees, vehicle accidents, professional mistakes or any kind of punitive damages. In some states the municipality may ask you as a business to carry atleast a minimum amount in terms of general liability. In this age of lawsuits, even a minor accidents can be blown out of proportions and end in huge lawsuits that will sap all your money out. A BOP or a business owners policy may combine both the liability aspect as well as the property insurance into it making it more comfortable for many companies.
General liability insurance provides coverage for:
- Bodily injuries
- Property damage liabilities
- Advertising injury
- Medical payment
- Any damages caused to the premises you’ve rented
- Products completed operations
Basically a general liability insurance comes with a maximum amount and if the amount exceeds the coverage amount, then the company needs to bear the additional cost. And this is where umbrella liability insurance can come to your rescue as it covers for the payments above the limits of the liability insurance.
Who needs General
Liability Insurance?
As a contractor or small business owner, you need some form of business liability insurance to safeguard your business against any unfortunate incidents. Take for example a client or customer visits your workplace and suffers a fall that causes some injuries. And if they hold you responsible and sue you for the incident, then a general liability insurance can help you in getting over the medical and legal costs involved.
Some clients or customers may also require you to hold some kind of general liability in order for you to work with them.
If you are working as a contractor, then you may not need a complete BOP (business owners policy) as you may not be operating out of a commercial building. But a general liability is recommended to have in case of facing any liability risks from your day to day job.
And if you’re involved in the business of sending your employees to your clients place for work, then as a company you are responsible for their actions in the field. Any kind of bodily injury or damage to clients property also is covered in the general liability insurance. And if you are working with clients server or other equipments then damage or virus attacks to those servers also fall under the liability insurance coverage. And even if you are involved in writing about a client business and are sued for offending their business and products—when you have a general liability insurance, you don’t need to worry about the legal costs involved.
With our thorough knowledge of all the services we support and the industries we serve, we make educated recommendations which help our customers take advantage of the best, most economical coverage possible. At Brookhaven Insurance agency we help you choose policies that address your needs and ensure protection. And we do it all clearly and with purpose.