What Does General Liability Insurance Cover?
General liability insurance covers a range of incidents that can occur in the course of doing business. A standard general liability policy typically covers a wide range of areas, including:
Third-party Bodily Injury
If a customer, vendor, or other third party is injured on your business premises or as a result of your business operations, general liability insurance can help cover medical expenses, defense costs, and other costs associated with the injury.
Third-party Property Damage
If your business causes damage to someone else's property, such as a customer's car, general liability insurance can also help cover the costs of repairing or replacing the property.
Product liability is a significant concern for businesses that sell goods. In case your business faces a product liability lawsuit due to injuries or property damage caused by your products, general liability insurance can help cover the associated costs of legal defense and payment of damages.
Personal injury covers offenses like defamation, libel, and slander. IIf your business faces allegations of such offenses, general liability insurance can assist in covering the expenses related to legal defense and compensation for damages.
Advertising injury covers offenses like copyright infringement, false advertising, and other intellectual property violations. If your business is accused of causing harm through advertising practices, general liability insurance can help cover the costs associated with defending against the claim.