What is general liability insurance and what does it cover?

General liability insurance protects businesses from property and bodily injury claims caused by/from using a business’s products, services, and operations. General liability insurance is broad in that it covers a wide range of areas designed to provide liability protection from general business risks. Our Martin Insurance Team in Ft Myers, FL is committed to helping business owners understand the benefits of general liability insurance.

How Does General Liability Insurance Work?

General liability insurance is designed to provide liability protection for businesses in two main areas, including protection for your business location and operations and your products and completed operations. These two areas are considered significant areas of risk for most businesses. This type of insurance also protects your business if you’re sued for advertising injury. Coverage for damage to your landlord’s property is included as well.

What Does General Liability Insurance Cover?

Most businesses need liability protection from personal injury, libel, slander claims, property damage, and bodily injury. These are all areas that many companies couldn’t afford to handle without the help of an insurance policy. Claims against a company for property damage or bodily injury that may occur during normal business operations can quickly become too expensive to handle, not to mention other claims that might be brought against a business. General liability insurance provides liability protection to cover typical risks that many businesses may deal with.

Other Considerations…

How much your company pays for general liability insurance is based on the size and condition of your workplace. For example, larger spaces usually create more opportunities for bodily injuries, and property damage can occur. This is especially true if your business location is open to the public. These factors can affect how much you pay for general liability coverage. If you’re a business owner with questions regarding general liability insurance, call us. We’d be happy to answer your questions.