The Essential Guide to General Liability Insurance

Why Your Business Needs General Liability Insurance

Running a business comes with risks—lawsuits, accidents, and property damage can threaten your financial stability. General Liability Insurance (GLI) protects you from claims of bodily injury, property damage, personal injury, and other liabilities arising from business operations.

Key Coverages:

• Bodily Injury: Covers injuries on your premises or due to business activities.

• Property Damage: Protects against claims if your business damages someone else’s property.

• Personal & Advertising Injury: Covers defamation, slander, and copyright claims.

• Medical Payments: Pays medical expenses if someone is injured on your property, regardless of fault.

  
  

Why It’s Essential:

• Lawsuit Protection: Covers legal fees, settlements, and court costs.

• Accident Coverage: Handles property damage or injuries caused by your business.

• Reputation Safety: Helps resolve claims that could harm your brand.

  
  

How Much Coverage Do You Need?

Coverage depends on business size, industry, and risk exposure. Typical policies range from $500,000 to $1 million, but high-risk businesses may need more.

Choosing an Insurer & Filing Claims:

• Select a Reputable Provider: Look for financial stability and great customer service.

• Compare Policies: Shop around for the best coverage and rates.

• Know the Claims Process: Report incidents quickly, document details, and file promptly.