What General Liability Insurance Usually Covers
- Third-Party Bodily Injury. When a customer slips and falls or gets hurt on your property, this helps cover medical and legal expenses if you are sued.
- Third-Party Property Damage. If you damage a customer's property, such as a smartphone or laptop, this helps pay for repair or replacement costs.
- Product Liability. If your product hurts someone, such as a hot coffee burn, this will help pay for legal expenses.
- Advertising Liability. If you are sued over slander or copyright claims this will help pay for your legal defense.
Did You Know?
Based on a 2005 study, it was found that a small business lawsuit normally costs between $3,000 and $150,000.United States Small Business Administration
What General Liability Insurance Usually Does Not Cover
- Professional errors. This is covered under a professional liability policy.
- Employee injuries. This is covered in a variety of policies including workers compensation.
- Damage to your business property. This is covered under commercial property insurance.