What Does General Liability Insurance Cover?
General liability insurance is essential for businesses, providing coverage for various risks that may arise during operations. This type of insurance is designed to protect businesses from claims involving bodily injury, property damage, and personal injury. Here are the key areas it covers:
- Bodily Injury: Protection against claims resulting from injuries sustained by individuals on your business premises or due to your operations.
- Property Damage: Coverage for damages caused to third parties' property, whether it’s accidental or due to your business activities.
- Personal Injury: Includes claims related to defamation, slander, or false advertising, protecting the reputation of your business.
- Medical Payments: This covers medical expenses for injuries that occur on your premises, regardless of fault.
- Legal Defense Costs: In the event of a lawsuit, general liability insurance can cover legal fees and expenses to defend your business.
Overall, general liability insurance is crucial for safeguarding your business against unforeseen incidents that could result in significant financial losses.