General Liability Insurance
What is general liability?
General liability insurance is essential for all business owners, whether you're a startup or an established company. Even if you work from a home office, it's important to have this coverage, as most renter’s and homeowner’s policies don’t cover business activities.
Do I need general liability insurance?
Common reasons to purchase general liability insurance include:
It’s required by your lease.
It’s mandated by your contracts.
You want protection against lawsuits for your business.
What does it cover?
It protects your business from third-party lawsuits related to:
Bodily injury and property damage
Personal and advertising injury liability
Medical payments
General liability insurance can help cover legal expenses and claims resulting from these third-party issues.
What is typically not covered?
Damage to company property
Employee lawsuits
Employee injuries
Claims for professional and personal services, including negligence
To protect against these risks, you may need to add other business insurance coverage.