General Liability Insurance
General Liability Insurance Information
Accidents can take place anywhere, even at businesses. While most of them can be quickly dealt with, some mishaps may take a lot of time and money to resolve.
General liability insurance can help protect your business against accidents that occur on company property. It can assist a firm in carrying the burden of a lawsuit and incurring other expenses related to an accident.
Common General Liability Insurance Questions
Do I Need General Liability Insurance?
Everyone needs general liability insurance that includes businesses. Accidents can happen at any place at any time, in the most unexpected ways. An unexpected lawsuit can destroy a company that isn’t adequately prepared. General liability insurance assists in lifting the burden that is often caused by unexpected accidents at the workplace.
How Is General Liability Insurance Defined?
General liability insurance is a type of insurance that covers lawsuits and accidents related to non-professional negligent acts.
What Does General Liability Insurance Cover?
General liability insurance covers three main areas:
- Bodily Injury: This covers medical expenses and legal fees related to a third-party injury on the property.
- Property Damage: This covers incidents of property damage that occur out of everyday business activity.
- Personal/Advertising Injury: This coverage covers personal and advertising injuries such as libel, slander, copyright infringement and invasion of privacy.
How Much General Liability Insurance Do I Need?
Most general liability policies offer around $1 million in protection, but your business may require you to get higher limits, depending on the likelihood of lawsuits, size, and type of possible lawsuits. General liability insurance covers the company and its employees and any victim of a public liability accident.
How Does General Liability Insurance Work?
General liability insurance protects both the business and victims in an accident that results in bodily injury, property damage, and personal or advertising injury. The policyholder can either pay monthly or annual premiums for coverage. Once a claim has been filed and approved, the policyholder will receive compensation for particular expenses related to the incident.
How Much Does General Liability Insurance Cost For A Business?
The price of general liability insurance may vary based on the location, size of the business, the claims history and industry, the deductible and applicable coverage limits.
Alteza Insurance Agency works with business owners across multiple industries to find and adjust general liability policies for their company. When you choose us, our agents the stress out of dealing with a large, unresponsive insurance company while assisting you in selecting a tailored, affordable policy that will always be there when your business needs them. Our goal is for every client to walk out our doors with the satisfaction of receiving top-tier coverage to keep them safe in all aspects of life.
Protect your business today by calling 630-830-4500 or filling out an online form for a free quote today.