Business General Liability
Insure your business stays operational and has coverage when dealing with a claim or lawsuit.
On a day to day basis, it’s likely that you and your employees are interacting with many people – such as clients, vendors, and contractors, to name a few. Any one of them could experience an injury or loss. If your business is the cause, they can file a lawsuit against it.
General Liability Insurance is a business insurance policy that is applicable to most contractors and business owners because it protects them. When a business has this type of insurance policy, they’re covered when it comes to claims of bodily injury, associated medical costs and damage to property that occurred as a result of your business operations.
It also covers legal defense costs, along with settlements and judgments should you be successfully sued. Lastly, these types of policies cover claims of false or misleading advertising. That could include libel, slander or copyright infringement.
Do I Need General Liability Insurance?
Almost every business owner or independent contractor can benefit from having this insurance. However, if you’re still asking if it’s necessary, here are some reasons you might need coverage:
- Employees visit client’s offices or host clients at your workspace
- You represent your client’s business
- You use third-party locations for any business-related activities
- You use a client’s equipment
- Your customers require you to have it (many companies require proof of coverage before they will enter into a contract or business relationship with you)
How Much is General Liability Insurance?
The cost varies. The coverage your business needs depends on the type of business you operate, as well as the perceived risk associated with you or your industry. Your location is also important. For example, a marketing consultant would need less coverage than a building contractor.
Do I need general liability insurance for my business? Learn about limitations and options for commercial coverage.
Below you will find the most popular questions we received from users. Q: How much is general liability insurance for a small business? A: General liability insurance premiums vary depending on the specifics of your business but can be as low as around $350 per year....