General Liability

 

If you own a business, you should have a general liability insurance coverage to protect you from potential risks that might occur during the lifetime of your organization. General liability insurance protects you against damages, legal fees and other expenses incurred due to- or not due to- your business. Some of the general liability insurance coverage you might consider are listed as below.

 

Bodily Injury

Causing bodily injury upon someone else might not have been a scenario that has crossed your mind when you set up your business. However, a minor slip and trip could cost you a hefty sum in lawsuit if you do not have the right coverage.

 

Property Damage

This coverage protects you from unfortunate events such as accidental damage towards another person’s property or keeping the other entity from using their property.

 

Products-completed Operations

If the service provided or product manufactured by your company causes an injury, having this coverage in your general liability insurance will help cover your expenses up to your policy’s limit in the event that your company is sued.

 

Contractual Liability

As the name itself suggests, this coverage protects you from liabilities resulting from your contractual agreements- building lease, maintenance agreements, indemnification agreements, license agreement so on and so forth. 

Along with the above mentioned coverage are hired auto and non-owned auto, employee injuries, liquor liability, fire, explosion and lightning damage, medical expenses, personal injury and advertising injury that can be included under your commercial general liability