Unfortunately for every business owner, the chances of getting sued have increased dramatically in the last decade. In this case, General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection if your business is sued, or held legally responsible for some injury or damage.
General Liability also pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
Overall, the broad range of general liability protection includes:
- Bodily Injury, including the cost of care, the loss of services, as well as the restitution for any death that results from injury.
- Property Damage coverage for the physical damage to property of others or the loss of use of that property.
- Products-Completed Operations provides liability protection (damages and legal expenses up to your policy’s limit) if an injury ever resulted from either something your company made or service your company provided.
- Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents.
- Contractual Liability extends to any liability you may assume by entering into a variety of contracts.
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types.