Business General Liability Insurance
Alright, let’s say you and your friends open a lemonade stand. If someone trips over your stand and gets hurt, or if your lemonade spills and stains a customer’s clothes, general liability insurance is like having a special helper that takes care of those problems
Why do you need Business General Liability Insurance?
Alright, let’s say you and your friends open a lemonade stand. If someone trips over your stand and gets hurt, or if your lemonade spills and stains a customer’s clothes, general liability insurance is like having a special helper that takes care of those problems.
This helper pays for the doctor’s bills or helps clean the clothes so you don’t have to use your own money. It helps protect your lemonade stand from big, unexpected costs. So, with this insurance, if something goes wrong, you’re covered and can keep your lemonade stand running smoothly!
In short, a General Liability Policy helps businesses manage risks by protecting them from costs related to accidents or legal claims. It gives business owners peace of mind so they can focus on what they do best!
Coverages
A General Liability Policy is an important type of insurance for businesses. It helps protect them from various claims that could come up during their day-to-day operations. Here are the main coverages included:
Bodily Injury: If someone gets hurt on your business premises—like slipping and falling—this coverage helps pay for their medical bills and any legal costs if they decide to sue.
Property Damage: If your business accidentally damages someone else’s property, this coverage helps pay for repairs or replacements. For example, if a delivery person breaks a window while making a delivery.
Personal Injury: This covers situations where a person feels their reputation has been harmed. For example, if someone accuses the business of slander or libel (like saying something untrue that damages their reputation).
Advertising Injury: If your business's advertising unintentionally harms another business (like using their logo without permission), this part helps cover the legal costs.
Medical Payments: This provides coverage for minor injuries that happen on your property, regardless of fault. It can cover immediate medical expenses without needing to determine who was responsible.
In short, a General Liability Policy helps businesses manage risks by protecting them from costs related to accidents or legal claims. It gives business owners peace of mind so they can focus on what they do best!
