The Ins and Outs of General Liability Insurance

General Liability Insurance

As a small business owner, there are several benefits to investing in a general liability insurance policy. This coverage can protect you and your employees from a variety of common risks, and it is frequently required to conduct business with other companies and contractors.

When Is General Liability Insurance Needed?

Liability insurance is often purchased when starting a small business. It can provide vital protection against common lawsuits, and some client contracts require a general liability insurance policy to finalize a deal.

This coverage is essential if your business involves:

  • Face-to-face interaction with clients
  • Use of third-party locations
  • Use of advertising for promotional marketing

Clients and companies you work with also can get a sense of security in knowing you have liability insurance. If something were to go wrong, they know your business is protected.

What Does General Liability Insurance Cover?

Coverage can vary based on the specific needs of a business, but most policies safeguard against:

  • Personal and bodily injury
  • Medical expenses
  • Property damage
  • Advertising damage
  • Legal fees and defense costs

Finding the right coverage is a crucial part of preparing your business for what lies ahead. A general liability insurance policy can keep your small business on track and provide a dependable solution when you need it most.