Why do I need general liability insurance for my business?
All businesses need general liability insurance because it helps cover any costs associated with property damage and liability claims. Without insurance, you may have to pay out-of-pocket for costly damages and legal claims against your business.
What types of insurance should I consider for my business?
All businesses should at the very least carry general liability insurance. Property insurance is essential if you rent, lease, or own a physical office location or storefront. Some states require auto insurance if your staff or volunteers use a vehicle for work activities. You also want to consider product liability, professional liability, and workers' compensation.
What kinds of claims are covered under general liability insurance?
General liability insurance is designed to protect you against a wide range of claims, including those related to property damage, bodily injury, and personal and advertising injury. Whether you are a nonprofit organization or run a business of any kind, general liability insurance can help safeguard your assets in the event that someone makes a claim against you.
What kinds of claims are not covered under general liability insurance?
There are many types of claims that are not covered under general liability insurance, including professional negligence, breach of contract, and intentional acts. If you are a business owner, it is important to understand what your policy covers and does not cover in order to be fully protected.