What Does General Liability Insurance Usually Cover?

What Does General Liability Insurance Usually Cover?

When you own a company, there are always risks involved. No matter how careful you are, something could go wrong and you could be held liable. That’s why it’s important to have general liability insurance. 

Why Have General Liability Insurance?

This insurance can help protect your business in case of an accident or injury. It’s important to have general liability insurance so you are prepared for anything that could happen.

Here are some of the expenses that this type of insurance usually covers:

Bodily Injury

If someone is injured while on your property or due to your business activities, your policy will help pay for their medical expenses.

Property Damage

Should your business property be damaged, your policy will help cover the cost of repairs.

Personal Injury

This kind of insurance can also cover claims of libel or slander.

Operating Expenses

If your business is forced to close due to an accident or incident, your policy will help pay for your operating expenses.

As you’ve seen, general liability insurance can cover multiple events and expenses. This type of insurance is an important part of running a business. It can help protect you from financial burdens in the event of an accident or incident.

How to Pick a General Liability Insurance Provider

While there are many general liability insurance providers to choose from, it’s important to pick one that is right for your business. Here are several tips to rely on when selecting an insurer:

  • Make sure the insurer is licensed to operate
  • Research the insurer’s financial stability
  • Find out whether they have experience insuring businesses like yours
  • Read reviews from other business owners to see how their experience has been 
  • Get quotes from a few different providers to compare rates

Choosing the right insurance can be difficult, but by following these tips, you can find a great provider for your business.

Placing a Claim with Your Insurance Provider

If you ever need to file a claim with your general liability insurance provider, the process is relatively simple. Here’s what you can expect:

  • Contact your insurer to inform them you’ll be filing a claim
  • Be prepared to provide details about what happened
  • Your insurer will send their adjuster to investigate the claim
  • The adjuster will determine how much your business is eligible to receive
  • Once the claim is approved, you will receive a check for the amount of coverage 

Filing a claim with your insurance firm is straightforward. Just make sure to have all the necessary information on hand so the process goes smoothly.

The Peace of Mind that Comes with General Liability Insurance

No matter what business you’re in, there are always risks involved. But with general liability insurance, you can rest assured that your business is protected. So, if you’re looking for peace of mind, get general liability insurance for your business. It could be the best choice you make.

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The above description(s) provide(s) a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.