General Liability Insurance

Owning a business comes with many risks.  Most important is the need to shield your business and personal assets from potential loss, damage or lawsuit.  Business insurance may cover property damages, personal injuries and medical expenses.  A claim that arises, as a result of unintentional negligence, is covered under this policy.

General liability policies for both small businesses and commercial business cover four specific areas:get_free_insurance_quote

  • Bodily Injury
  • Personal Injury (including libel or slander)
  • Property Damage
  • Advertising Injury

Determining the amount of general liability insurance needed and the cost of the insurance policy premium is calculated on a number of factors, including:

  • Size of the Business
  • Type of Business
  • Number of Employees
  • Risk Associated with Conducting Business
  • Prior Claim History

The insurance company will review these items to help determine the potential risk for a claim in your business.  Then they will help to establish the adequate coverage needed to properly insure these risks.  Each state regulates the minimum amount of general liability insurance required and often will require very high limit policies, based on the type of business.