General Liability Insurance

General liability insurance is a type of insurance policy that provides coverage for a business against claims made by third parties for bodily injury or property damage that results from the business’s operations. General liability insurance can also provide coverage for claims of advertising injury, such as damage to another party’s reputation or infringement of copyright.

General liability insurance can be beneficial to a business in several ways. Firstly, it can provide coverage for legal defense costs in the event of a claim. Secondly, it can provide coverage for settlement or judgment costs if the claim is successful. Thirdly, it can mitigate the financial impact of a claim, protecting a business’s assets and enabling it to continue operations.

However, it is important to note that general liability insurance has certain limitations and exceptions. For example, it typically does not provide coverage for intentional acts or damage to the policyholder’s own property. It also typically does not provide coverage for claims related to professional services or advice.

To ensure full protection for your business, it is important to carefully review the terms and conditions of any general liability insurance policy and to consider additional coverage options where appropriate. It may also be wise to consult with a licensed attorney to ensure that you fully understand your legal obligations and liabilities as a business owner.