General Liability (GL) insurance, sometimes called small business liability insurance or commercial liability insurance, provides insurance coverage for your business against claims made by others including bodily injury, damage to property, or personal injury.
If someone comes to your place of business and is injured, a general liability policy could cover their medical costs. If someone else’s property is damaged and you are found to be responsible, the repair or replacement cost could be covered. And if someone’s reputation is damaged by something you or an employee said or wrote about them, the associated costs could be covered.
As a small business owner, you may be legally responsible if another person gets hurt or if their property is damaged while at your business or because of something you did. Make sure your business is properly protected against risks.
You should consider general liability insurance coverage if you or your employees:
If you visit a client’s place of work, or clients visit yours, there is always the possibility someone could get hurt and require medical treatment.
If a customer’s property is damaged at your location or at a job site, general liability insurance could cover the cost to repair or replace it.
If you promote your company and accidentally use wording that is under copyright or trademark, general liability insurance could cover you if a claim occurs.
If someone (other than you or an employee) is injured on a job site where you are responsible, general liability insurance could cover their medical costs.
If you propose or bid on certain contracts, liability insurance could be a condition of the contract award.