General liability insurance protects your business from claims of bodily injury, medical costs and damaged property made by individuals or other businesses.
A bodily injury claim can be made if, for instance, a client slips and falls on a wet floor in your business premises. You will be held liable for the injury resulting from the fall and as a result, be required to meet any medical expenses and other damages resulting from the injury.
On the other hand, a property damage claim may arise if, for example, your dry cleaning business damages an antique wedding gown while delivering it to the owner. You will be liable for that damage to the extent of your policy’s limits.
A personal injury claim can also be made against you if one of your employees slanders a client and that client learns about it. They will sue your employee and your company for slander, and you will be liable to the extent of your policy’s limits.
This kind of insurance is a smart idea for virtually any kind of business that you could think of. However, there are some kinds of business for which this general liability insurance is a must have. For instance:
There are cases where having a general liability insurance policy is a legal requirement for getting into any contract. In such a case, it is imperative to have this insurance.
Apart from the bodily harm mentioned above, damage to personal property and personal injury can be protected as well. General liability insurance provides the following kinds of coverage:
The cost of a general liability insurance policy depends on the kind of business you have and your risk levels. At Berliner-Gelfand, we will run a quick risk assessment for you and develop an insurance policy suited perfectly to your business. Contact us to get a quote or speak to one of our professional insurance agents today.