General Liability Insurance should be considered the foundation of protecting your business. It shields you from three of the most common types of litigation you may face. These are:
Injuries to Third Parties (People Other than Employees) Occurring on Your Property
You never know when a customer might slip and fall or be injured on your premises. If they file a lawsuit, it could be financially devastating to your business. General Liability Insurance protects you and your business by covering compensation and ongoing medical costs awarded by the courts.
(For injuries to employees, please see Workers Compensation Insurance)
Damage to a Customer’s Property Caused by Your Business
It’s not an uncommon scenario for an employee to accidentally damage a customer’s property. But if it leads to a lawsuit, it could cost you, unless you’re covered by General Liability Insurance.
Libel, Misappropriation or Copyright Infringement
Do you email and talk with potential clients, current customers and other business professionals? Do you advertise? Of course, you do. These necessary, everyday activities could put you at risk if someone decides to bring suit. General Liability Insurance covers you, so you can go about the business of growing your company without added concern.