What is General Liability Insurance?

What is General Liability Insurance?

Call it business liability insurance, general liability insurance, or commercial general liability insurance, all these terms refer to an insurance policy that protects you and your business from certain common risks that result in property damage or bodily injury to others.

What does a general liability insurance policy cover

When a business owner has a general liability policy in place, it can provide protection from needing to pay out of pocket for doctor or attorney fees.  Additionally,  your customers may require that you prove by way of a Certificate of Insurance, that you have general liability insurance in place.

What does a general liability insurance policy cover?

General liability insurance for small businesses helps protect against certain common risks, including:

  • Injury caused by your business.
  • Property damage caused by your business.
  • Medical costs for customers who get hurt while on your property.
  • Legal fees to help defend against lawsuits brought against your business.
  • Excess costs due to loss of use, such as renting elsewhere, in the event of a covered loss, like a fire.

How much does a general liability policy cost?

The cost of a general liability policy depends on many factors.  Some of the details that go into the cost of a general liability policy are:

  • The type of business.
  • How long you have been in business.
  • The condition of the building.
  • The levels of coverage.
  • The deductible amounts.

Do you need a general liability policy?

Don't guess if you need a general liability policy or not, and don't guess if what you have is enough for your growing business.  Contact us and talk to one of our licensed insurance agents specializing in business insurance.  It costs nothing to have a conversation, and chances are, you'll be glad you did.  

 

 

What to do Next?

Have us review your insurance policies and check that your limits are sufficient. Ask what the cost is to bump it up under higher limit scenarios.

Call today 617-846-5000 or click here 24/7/365 and we will get back to you same day or the next business day