General liability insurance, often known as commercial liability insurance, safeguards you and your company against “general” claims such as personal injury and property damage. This is required in almost every business.
Definition of general liability coverage
This can assist cover medical costs and legal fees incurred as a consequence of physical injuries and property damage for which your firm is legally liable.
What is covered under general liability insurance?
This often covers you and your business for physical injury and property damage claims arising from your products, services, or activities. It could also protect you if you’re judged accountable for your landlord’s property damage.
Employee injuries, vehicle accidents, punitive damages (in most states), craftsmanship, deliberate actions, or professional errors are not covered by general liability insurance. Most businesses must carry general liability insurance, so it’s critical to know what it covers and what it doesn’t.
Medical expenditures, attorney costs, and damages for which you are legally accountable can all be covered by liability insurance. Regardless of culpability, Nationwide may assist with defence costs, as well as protection for judgments, court costs, and other expenses.
When it comes to general liability insurance, who needs it?
Here are some guidelines for general liability insurance coverage. Consult a skilled business insurance agent to be certain about your unique business needs.
The majority of organizations require this to protect themselves from the following risks:
- Settlements, probes, and lawsuits
- Medical expenses, legal bills, and injury damages
- Abuse liability insurance
Just keep in mind that the following items aren’t usually covered:
- Employee accidents
- Coverage for vehicles
- Acts that are done on purpose
A general liability insurance coverage can assist cover the following claims made against your company:
If a consumer is injured in your store after fallingandslipping, they have the right to sue you. Because your policy covers bodily harm responsibility, it can assist pay for the medical expenditures.
Nationwide has excellent basic plans that may be readily modified with a range of choices to provide you the coverage you want. We recognize that you require comprehensive company protection rather than one-size-fits-all coverage. Our representatives will help you to choose the appropriate form of commercial liability insurance for your business at each step.