General Liability or Business Insurance

Protect Your Business with Business General Liability Insurance

Also called Business Insurance, General Liability is a type of insurance that protects you from a claim brought by a third party. Furthermore, your employees, and your business are protected against liability claims also brought by a third party.

Business General Liability Overview

Most noteworthy, Bodily Injury and Property Damage Liability are divided into two categories. They are as follows:

Premises and Operations coverage pays for bodily injury or property damage that occurs on your premises. Also, this coverage pays when bodily injury or property damage  occurs as a result of your business operations.

Products and Completed Operations coverage pays for bodily injury and property damage that occurs away from your business premises and is caused by your products or your completed work.

So, what happens in the event of a claim against me?

First of all, should a claim be brought against you, your commercial liability policy will help pay for legal proceedings. Also, these proceedings would include litigation, judgements awarded by the court, and out of court settlements.

In addition, coverage includes:

  • The insurance company’s investigation
  • Attorney expenses
  • Medical expenses incurred by the third party
  • Posting of bonds

Broader General Liability (Business Insurance) Coverage

Also, intellectual property, contracts, and advertising issues are covered by a general liability policy.

Common areas of coverage include:

  • Faulty products
  • Copyright infringement claims
  • Contractual liability
  • Libel and/or slander claims

Exclusions to Coverage

Consequently, carrying this type of insurance is an important part of your overall business plan. However, you can easily find yourself in a situation outside the scope of the policy. For example, your policy will not provide coverage in cases claiming negligence. So, an additional policy in necessary many times an additional policy is necessary to cover these scenarios.

Some of the situations not covered by general liability insurance:

  • Intentional Criminal Acts
  • Employee Injuries
  • Professional Mistakes
  • Punitive Damages resulting from a lawsuit
  • Workmanship
  • Automobile Accidents

Finally, an experienced professional Insurance Direct 123 agent can help you find a general liability policy that provides the coverage you need. Remember, you can contact us directly o get quotes for general liability (business insurance) offered in your area.