A customer trips and falls entering your property; an inattentive employee damages a vendor’s vehicle; a class-action lawsuit is filed against your business for unfair advertising. These events and more pose potential risks for your business. General liability insurance protects your business in cases of third-party claims of bodily injury, property damage, personal injury and even advertising injury.
You need general liability insurance coverage if your business is at a risk for third-party lawsuits stemming from its operations. Without coverage, your business, its owners and employees are at risk of paying claim expenses like these:
Legal defense costs
Property repair or replacement
Settlement from covered suits
Many businesses need more coverage than what’s covered by a general liability insurance policy. A business owner policy (BOP) combines property insurance, liability protection and business interruption insurance—and may also shield you from electronic data loss, forgery, identity theft and mechanical failures. A BOP gives you comprehensive coverage for a variety of risks, all with one trusted carrier.
You may hope to never get sued, but your business is at significant legal and financial risk without protection. Consider including general liability insurance (also called commercial liability insurance for very large firms) in your BOP. You can get a BOP quote that prioritizes the unique risks of small businesses like yours.