What is General Liability Insurance?
General Liability (GL) insurance, sometimes called small business liability insurance or commercial liability insurance, provides insurance coverage for your business against claims made by others including bodily injury, damage to property, or personal injury.
If someone comes to your place of business and is injured, a general liability policy could cover their medical costs. If someone else’s property is damaged and you are found to be responsible, the repair or replacement cost could be covered. And if someone’s reputation is damaged by something you or an employee said or wrote about them, the associated costs could be covered.
Why do I need General Liability Insurance?
As a small business owner, you may be legally responsible if another person gets hurt or if their property is damaged while at your business or because of something you did. Make sure your business is properly protected against risks.
You should consider general liability insurance coverage if you or your employees:
Interact with clients face to face
If you visit a client’s place of work, or clients visit yours, there is always the possibility someone could get hurt and require medical treatment.
Have access to customer’s property
If a customer’s property is damaged at your location or at a job site, general liability insurance could cover the cost to repair or replace it.
Use advertising to market your company
If you promote your company and accidentally use wording that is under copyright or trademark, general liability insurance could cover you if a claim occurs.
Use third-party locations for business related activities
If someone (other than you or an employee) is injured on a job site where you are responsible, general liability insurance could cover their medical costs.
Require coverage in order to be considered for a project
If you propose or bid on certain contracts, liability insurance could be a condition of the contract award.