General Liability - What Businesses Need To Know
Running a business comes with many responsibilities, from serving customers to protecting employees and managing daily operations. While business owners cannot predict every accident or unexpected event, they can prepare for potential financial risks. This is where general liability insurance can play an important role. What Is General Liability Insurance? General liability insurance is a type of business insurance designed to help protect companies from certain third-party claims. These claims may involve bodily injury, property damage, or personal and advertising injuries that occur in connection with a business's operations. For example, imagine a customer slips and falls inside a retail store and claims the business was responsible for the accident. Without appropriate coverage, the business may have to handle legal expenses and other costs out of pocket. A general liability policy may help cover eligible claims, subject to the policy's terms, limits, and exclusions. Why...