What is General Liability Insurance, and What Does It Cover for a Small Business?

General liability insurance is a type of protection that a small business can purchase to cover their general legal responsibility for injury or property damage they may cause. General liability insurance will not protect against all risks, but it does offer some coverage for many types of incidents. If you operate as a sole proprietor and own your own company, then this type of policy is essential. In the following post we’ll take an in-depth look at what general liability insurance covers and why you need it if you are starting up your very own small business!

There are a few key things that general liability insurance will cover for your small business. First, it can help to protect you if someone is injured on your property. This could be as a result of something you have done or failed to do, such as leaving a hazardous area unguarded. Second, it can also provide some protection if you are sued for libel or slander. This could happen if you make a false statement about someone that causes them harm. Finally, it can also help to cover the costs of any property damage you may cause.

While general liability insurance is important, it’s not going to protect your business from every possible risk. For example, if you are in the construction business and someone is injured as a result of faulty workmanship, general liability insurance would not cover that. It’s important to read through your policy carefully so you are aware of what is and isn’t covered.

If you are running a small business, then general liability insurance is essential. If something goes wrong and someone gets hurt or property damage occurs as a result of your actions or failure to act, it can cost thousands of dollars in damages. It’s important that you stay protected against these risks so that this kind of incident doesn’t become an even bigger problem for your company.

General liability insurance can help protect a small business from many types of legal risks, including injury or property damage. It’s important to read through your policy carefully to make sure you are aware of what is and isn’t covered, and to contact an independent agent if you have any questions. Having general liability insurance can give you peace of mind knowing that you’re protected if something goes wrong.