General Liability Insurance

General liability insurance covers claims dealing with bodily or other physical injury and property damage. It is sometimes offered in an insurance package that includes property insurance.

Commercial general liability insurance will allow your business to continue to operate while it works through litigation, either fraudulent or real claims of certain types of wrong doing or negligence. General liability insurance will protect the premises of your business or the locations where business is normally conducted. In addition, general liability insurance will also cover the cost to defend the claims made against the business, even if the claims are fraudulent or unfounded.

Commercial general liability is a necessary to your business from a protection standpoint. It takes a lot of energy and effort to build a business, but it takes one small incident to bring it on down. You and your business are protected if a client is injured at your place of business. It also covers damage or injuries caused by an employee at a client’s location. This type of insurance will keep you in business rather than paying out all your hard earned profits to someone else and seeing the doors to your business shut forever.

Your business will be protected with commercial general liability insurance even if your company is found to be negligent or liable for damage, injury, loss of property, financial loss for a client, reputation or health. Commercial liability insurance will protect the company assets and allow the business to keep operating.

Commercial general liability insurance and property coverage combined into one package is often referred to as Comprehensive Commercial Liability insurance. Some clients may mandate such insurance be put in place as a matter of contract and demand the insurance be in place for the duration of the contract. This coverage also provides coverage for the theft, damage or destruction of the company’s company’s computer system, including software and hardware, especially if the deliverable is an electronic file containing proprietary information.

Homeowners who purchase homeowners insurance are also provided with liability insurance in the event someone other than the homeowner has an accident resulting in injury on the property. Since homeowners automatically assume some level of responsibility for what happens on their property. Liability insurance usually will pay for your defense in court. Homeowners may wish to increase their general liability for their home depending on the activity that typically takes on the property. It may be just a matter of barbequing every weekend and inviting family and friends over the festivities or the homeowner may decide to install a swimming pool or some other recreational event such as a zip line or ski slope.

Increase in liability means either purchasing additional liability insurance along with the homeowners insurance or purchasing a policy separate from the home owner’s policy.

Additional general liability insurance will never hurt the homeowner, unless they take a financial hit with its purchase. When choosing general liability insurance for your home, make sure you understand everything that is covered and those items that might be exempt from coverage.