Insurance coverage can be beneficial after an accident or unexpected event. It provides peace of mind and financial protection. Loss due to an accident, illness, natural disaster, or other unforeseen event can be costly. This can not only cost you money but also take up a lot of your time. Whether you are an individual seeking insurance or a business, avoid getting caught without protection and consider getting covered. You may wonder, what is general liability insurance coverage? Below you will find more information about insurance coverage and the type of protection it can provide.
What is general liability insurance coverage?
General liability insurance is a type of business insurance coverage. It can protect your business in the event of bodily injury or property damage. General liability insurance covers expensive claims that come up during the normal course of your business operations. Without this protection, you would have to pay for the costs all on your own.
Covered Claims
General liability insurance can cover a number of different claims. Consider the following types of coverage.
Advertising Injury:
Copyright infringement is a valid claim you can be sued for. If your business partakes in copyright infringement, general liability insurance may cover it. This is often related to using protected images or content in advertisements.
Reputational Harm:
If you or your employees said or printed something that is untrue, you could be sued, and even held liable. If your business is sued for reputational harm, general liability insurance may be used to cover your legal costs. Defending your business can be expensive so general liability insurance can offset major costs to your business.
Third-Party Bodily Injury:
General liability insurance covers third-party bodily injury. This includes things like a customer slipping and falling in your store, or any other type of physical injury. Coverage can help pay for medical bills or any other issues related to the injury.
Third-Party Property Damage:
If you or your employees cause any property damage, general liability insurance can cover it. Whether this is at your business or a client’s home (if you offer services), having insurance coverage is key. Property damage covered by liability insurance can include repair or replacement costs caused by the damage.
Additional Coverage
General liability coverage is a great start for any business. However, it’s important to note that it does not cover everything. This does not mean that you shouldn’t get coverage. It actually means that you may need additional coverage in addition to your general liability insurance.
Consider your unique business needs and do a proper risk assessment. This can ensure that you are covered no matter what the issue is. Consider the following additional types of coverage to keep your business safe from unwanted legal trouble.
Worker’s Compensation Insurance:
If one of your employee has a work-related injury or illness, worker’s compensation insurance can cover some of the costs. This includes things like medical and ongoing care expenses.
Commercial Property Insurance:
Any damage to your business property is covered by commercial property insurance. This is different from third-party property damage covered by general liability insurance.
Professional Liability Insurance:
Mistakes can happen even with professional services. If you offer professional services through your business, consider professional liability insurance. This type of coverage can help cover costs associated with any mistakes you made related to your professional services.
Safecal Insurance Services
Navigating choosing insurance coverage can be overwhelming. Avoid choosing costly policies that you don’t need by working with skilled insurance professionals. The team at Safecal offer unparalleled service as they are experienced in providing policy recommendations to businesses large and small. Contact Safecal insurance services today for more information!