In today’s world, having insurance is essential for businesses of all sizes. It is especially important to have general liability insurance, as it protects a wide range of potential risks and losses. This type of insurance covers legal costs, medical expenses, and other damages associated with accidents, injuries, and property damage.
It’s important to note that general liability insurance is not a one-size-fits-all solution. Businesses should tailor their coverage to meet their specific needs and risks. For example, companies operating in certain industries may need additional coverage to protect against additional risks.
In today’s article, let’s take a closer look at general liability insurance and what it covers. Here’s what you need to know:
What Does General Liability Insurance Cover?
Bodily Injury
Bodily injury protection may cover medical expenses, lost wages, and any other costs that are associated with the injury, such as pain and suffering. Depending on the policy, it may also cover the legal fees associated with defending a lawsuit against your business.
It is important to note that bodily injury coverage is only applicable if the injury was caused by negligence on the part of your business. If the injury was caused by a third party or resulted from an intentional act, the bodily injury coverage may not apply.
When purchasing general liability insurance, it is important to make sure that you understand the specifics of the coverage, including what is and isn’t covered. Make sure to ask your insurance agent questions if you are unsure about any aspect of the coverage. Having the right coverage can make a big difference in the event of an injury and help protect your business from the financial consequences of a lawsuit.
Personal Injury
Personal injury is a legal claim involving physical or emotional harm caused to someone by another person, company, or organization. Examples of personal injury claims include medical malpractice, slip and fall accidents, and assault and battery. In these cases, the person who suffered the injury may be able to seek compensation from the responsible party.
General liability insurance can provide protection in cases involving personal injury. This coverage typically includes legal defense costs and damages that may be awarded to the injured party in a successful lawsuit. The insurance will help cover the costs of defending against a lawsuit and any damages that may be awarded to the plaintiff.
Property Damage
General liability insurance can cover a wide range of property damage claims. It can cover the costs associated with repairing or replacing damaged property and the legal costs associated with defending against the claim. It can also cover the cost of any medical bills or lost wages that result from the damage.
When it comes to property damage caused by your business or employees, it’s important to have the right protection in place. Without general liability insurance, you could be held personally liable for any costs associated with the damage. It’s essential to speak with an experienced insurance agent to ensure that you have the right coverage to protect your business in case of a claim.
Summary
General liability insurance is often the first line of defense for businesses and can help protect them from financial losses due to accidents, lawsuits, and other unforeseen events. In addition to providing financial protection, it can also provide peace of mind to business owners, who may otherwise worry about the potential costs of a lawsuit or other legal action.
The Tabb Insurance Agency offers different insurance plans and high-quality service in Conyers, GA, for your personal and business needs. If you’re looking for the best insurance coverage, we can help you. Contact us today to learn more and get started!