What is General Liability Insurance?

General Liability Insurance provides coverage to a business for bodily injury, personal injury and property damage caused by the business’s operations, products, or injury that occurs on the business’s premises.  General Liability Insurance (GL) can be called by many names, like business liability insurance, commercial general liability insurance, or comprehensive general liability.

For example, if a customer slips and falls inside your business and needs medical treatment, your general liability insurance policy will help pay for it.  Or if one of your employees damages a customer’s wall while working inside their home, your policy can help pay for the repairs.

The policy would also cover:

• Employee damage to a third party’s property
• Libel
• Slander
• Reputational harm
• Copyright infringement damages

Who needs General Liability Insurance?

Did you know that 4 out of 10 business owners are likely to experience a General Liability claim in the next 10 years?  Claims range from unexpected incidents such as a customer getting injured after slipping and falling to damage caused to a customer’s home or business location. So, everyone needs General Liability Insurance.

How much does General Liability Insurance cost?

General Liability Insurance costs are different for each business because every business is unique.  Factors that can determine these costs include, but are not limited to:

• Type of Business
• Revenue
• Number of Employees
• Sub-contractor usage
• Location
• Policy details, like coverage limits, deductibles, additional endorsements