Many business owners know they need general liability insurance, but they aren’t always sure what it actually covers. Understanding your coverage is important so you can protect your business from common risks.
Bodily Injury Coverage
One of the most common claims covered by general liability insurance is bodily injury.
If someone is injured because of your business activities, your policy may help cover:
- Medical bills
- Hospital expenses
- Legal defense costs
- Settlements or judgments
Example:
A customer slips on a wet floor inside your business.
Property Damage Coverage
General liability insurance can also help pay for damage your business causes to someone else’s property.
Example:
A contractor accidentally damages a client’s window while completing a project.
Your insurance policy may help pay for repairs or replacement.
Personal and Advertising Injury
This coverage protects businesses from claims involving harm to a person’s reputation.
It may cover claims related to:
- Libel
- Slander
- False advertising
- Copyright infringement
These claims can arise from marketing materials or online advertising.
Legal Defense Costs
Even if a lawsuit against your business is unfounded, legal defense costs can be expensive.
General liability insurance can help pay for:
- Attorney fees
- Court costs
- Settlement negotiations
Legal defense costs alone can reach thousands of dollars.
Medical Payments
Many policies include medical payments coverage, which helps pay small medical expenses for someone injured at your business, regardless of fault.
This can help resolve minor incidents before they become lawsuits.
Coverage Limits
Typical general liability policies include limits such as:
- $1,000,000 per occurrence
- $2,000,000 aggregate
Higher limits may be available depending on your business needs.
Protect Your Business with Liability Insurance
Accidents happen, and even small claims can become costly. General liability insurance helps protect your business from financial loss.
If you need help finding affordable coverage, Upstate’s Choice Insurance can help.
Call 864-845-7500 today for a general liability insurance quote.