what is general liability insurance coverage for businesses?
General liability insurance, also known as business liability insurance, protects you and your company from “general” claims involving bodily harm and property damage.
General liability insurance is required by almost every business.
What does general liability insurance cover?
General liability insurance policies typically cover you and your business for bodily injury and property damage claims arising from your products, services, or operations.
It may also protect you if you are held liable for your landlord’s property damage.
Employee injuries, auto accidents, punitive damages (in most states), workmanship, intentional acts, or professional mistakes are not covered by general liability insurance.
Contact your local agent or call Nationwide at 1-888-490-1549 for more information on general liability insurance.
What Is Liability Insurance?
What Is Liability Insurance?
General liability insurance (GLI) can help cover claims that your business caused bodily injury or property damage. This coverage is also known as commercial general liability insurance (CGL). You can get GLI as a standalone policy or bundle it with other key coverages through a Business Owner’s Policy (BOP).
We’re here to help you understand what business liability insurance coverages your company may need. Whether it’s learning what general liability insurance covers or getting a general liability insurance quote, we’re here to help.
What Does General Liability Insurance Cover?
General liability insurance protects against costly claims that may arise during normal business operations. You would have to pay for these general liability insurance costs out of pocket if you did not have coverage.
A general liability insurance policy can help cover claims made against your company for:
Third-party bodily injury: If a customer is injured after slipping and falling in your store, they have the right to sue you. Because your insurance policy covers bodily injury liability, it can help pay for their medical bills.
Third-party property damage:
If you or your employees work at a client’s home, your company may cause property damage. If your business damages someone else’s property, property damage liability coverage can help pay for repair or replacement costs.
Someone may sue your company for libel or slander as a result of something you or your employees said. If this occurs, general liability insurance can help cover the legal costs of defending your company.