General Liability Insurance

Running a business involves a certain amount of risk, no matter what product or service you provide. Investing in general liability insurance is critical to protect yourself and your business financially from unexpected incidents. 

What Is General Liability Insurance? 

General liability insurance is a policy that helps if a third party claims that the business caused bodily injury or property damage. It may also cover claims of third-party personal injury or advertising injury. Without general liability insurance, a business would have to pay for potentially expensive claims out of pocket. 

Do I Need General Liability Insurance? 

Most businesses can benefit from having general liability insurance. You should consider general liability insurance if your business does any of the following: 

• Meets with clients on the property of your business

• Has access to customers’ property or belongings

• Uses third-party locations for business-related activities

• Requires coverage to earn business

What Does Commercial General Liability Insurance Cover? 

General liability insurance covers claims that can arise through business operations. These policies generally include coverage for the following types of claims: 

• Third-party bodily injury—General liability insurance coverage may help pay for resulting medical costs and legal fees if your business is responsible for third-party bodily injuries.

• Third-party property damage—Coverage may help pay replacement fees or repairs if your business damages someone else’s property.

• Personal injury—General liability insurance may help provide coverage if your business is sued for libel, slander or other personal injuries.

• Advertising injury—A general liability insurance policy may help pay for expenses related to your business being sued for covered advertising-related injuries such as copyright infringement.

 
Do I Need General Liability Insurance If I Work From Home? 

If you work from home for another company, that company’s general liability insurance may provide business-related coverage. However, if you work from home for your business, you may benefit from securing general liability insurance, as standard homeowners insurance may not cover business liabilities. For example, a customer or client could sue your organization for claims of libel, slander or copyright infringement. Contact The Valleys Insurance Brokers, LLC to discuss your insurance needs. We can help ensure you have the right coverage for your operations.