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What is General Liability and What Does it Cover?

General liability insurance, sometimes called business liability insurance, helps protect your business against product liability, bodily injury, and property damage claims. This coverage can help pay for:

  • Legal costs to defend your business in a lawsuit

  • A customer’s medical expenses if they were to injure themselves in your business or from a product you produce

  • Costs to fix damaged property to a client caused by your employee

  • Settlements from a client’s lawsuit

  • Advertising injuries such as copyright infringement from your business’ ads

  • Reputational harm resulting from libel and slander

No business is immune from general liability claims, which is why we encourage all business owners to purchase general liability insurance to protect them from a range of unexpected incidents.

The price of general liability insurance will vary based upon what type of business you operate. If you own a construction company, you are typically at a higher risk, therefore charged a higher rate. However, an office-based business will likely have lower rates because their risk will typically be lower. Of course, there will be other factors that will influence how much coverage will cost. Some of these factors include:

  • Location

  • Size

  • Insurance claims history

  • Years of experience

Although it isn’t usually required by law to carry general liability insurance, it is still a good idea to have this type of insurance coverage. Many customers and clients will request that you have this coverage before they sign a contract with your business. Proving that you have general liability insurance by a certificate of insurance will satisfy these types of requests.

Reach out to the knowledgeable team at The Uhl Agency to learn more or to obtain a quote!

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