The Basics of General Liability Insurance 

General liability insurance is essential coverage for businesses of all sizes and across industries. It may offer financial support in the wake of unexpected incidents, such as accidents, injuries and property damage, that affect third parties during business operations.

What Does General Liability Insurance Cover?

A general liability insurance policy may include the following coverages:

• Property damage liability may help with costs of repairs and replacement if someone else’s property is damaged during business operations.

• Bodily injury liability may help cover medical bills and legal fees if someone is injured due to your business activities or on your business’s premises.

• Personal and advertising injury coverage may assist with legal costs if your business is sued for libel, slander, or copyright infringement.

• Medical payments coverage may help with medical expenses if a third party is injured on your business premises, regardless of fault.

These coverages apply to your business up to the limits you specify in your policy.

Who Needs General Liability Insurance?

General liability insurance is crucial for any business that interacts with customers or the public. Other organizations or entities may require you to carry it before doing business, and some clients or landlords may require proof of general liability before signing contracts or leasing space.

How Much Does General Liability Insurance Cost?

The following factors help determine the cost of your general liability insurance policy:

• Business size and industry

• Location and risk exposure

• Coverage limits and deductibles

• Claims history

Contact Us

The professionals at Westmoreland Insurance Agency Inc in Johnson City, TN can help you find the right general liability insurance policy for your business’s needs and budget. Contact us today for a quote or more information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.