General liability insurance (GL) is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from your business operations.
General liability insurance is often combined with property insurance in a Business Owners Policy (BOP), but it’s also available to many contractors and business owners as a stand-alone coverage.
As a contractor or small business owner, you need some form of business liability insurance to safeguard your livelihood. A single accident could result in a lawsuit that you might not be able to handle. A great way to protect against this is to make sure you have liability coverage that matches your level of exposure.
The cost of general liability insurance is impacted by many factors:
Your business type
The level of risk your company is exposed to
The number of employees you have
Third-Party Bodily Injury
If a customer is hurt on your property, General Liability Insurance can help pay for their immediate medical expenses or your legal expenses when they sue.
Third-Party Property Damage
(e.g., ruined customer smartphones)
If you damage customer property, General Liability Insurance can help pay to repair or replace it.
(e.g., hot coffee burns)
If your product hurts someone or damages their property, General Liability Insurance can help pay for your legal expenses.
(e.g., slander & copyright infringement)
If someone sues you over slander or copyright infringement, General Liability Insurance can help pay for lawsuit expenses.
Commercial policies depend on your companies needs, reach out and we can put together a quote from all the top carriers.