The coverage of general liability insurance is broad and can cover a variety of risks. It can cover third party bodily injury, death, property damage, medical payments, advertising injury (libel or slander), and personal injury (false arrest, malicious prosecution). In addition, some policies may include contractual liability protection to provide coverage for damages related to contract-related agreements.
Additional Information on General Liability Coverage
General Liability Insurance can help protect your business from incurring expensive legal fees in the event that you are sued by an injured third party. This coverage also helps pay for damages resulting from negligence or misconduct due to your business operations which could otherwise lead to financial hardship. Even if a lawsuit is deemed frivolous, it’s important to have this type of coverage as it can potentially save you from costly legal fees.
General Liability Insurance also covers certain types of personal and advertising injury claims, which are related to actions that may harm another person’s reputation or business. Such claims include libel, slander, false arrest and malicious prosecution. This coverage also protects your business if an employee is injured while on the job.
It’s important to note that General Liability Insurance does not cover any damages that result from professional services provided by the policyholder. Additionally, this insurance will not protect against losses due to things like fraud or dishonest acts.
Overall, having General Liability Insurance in place is essential for any type of business – large or small – as it provides peace of mind and protection in the event of any legal claim. With the right coverage in place, you can be assured that your business will remain protected from costly legal fees and damages resulting from negligence or misconduct.
General Liability Insurance Assistance
Our team can help you perform a needs analysis to ensure your General Liability Insurance provides the ideal amount of coverage for your enterprise. Your initial consultation is free, so call our offices at the number above or click on the quote button to contact our team.
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