General Liability Insurance
What Is General Liability Insurance?
Sometimes also known as business liability insurance, this type of insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage. General Liability typically pays for losses arising from real or alleged bodily injury, property damage or personal injury on your business premises or from your operations.
General liability insurance is a core coverage every business owner should have to avoid disruptions to their business or having to close their doors due to claims against them.
General Liability Coverage
General liability coverage provides financial protection for:
- Bodily injury
- Property Damage
- Products-Completed Operations
- Products Liability
- Contractual Liability
Who Needs General Liability Insurance?
Any business that wants to protect their assets from financial hardship. Like most insurance policies, general liability can be customized to fit your needs.
Iott Insurance works with you to provide the best plans and premiums possible to protect your business.
Request a General Liability Quote
Our agents are experienced in working with businesses of all sizes and all types. Whether you’re running solo as a self-employed entrepreneur or looking to update your coverage for your multi-location company, we can help!
Combine Your Coverage
Protecting your business against general liabilities is often part of a broader Business Owners Policy. These policies incorporate insurance coverage for many of the most common risks faced by anyone running their own business. Learn more about Business Owners Policies.
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FAQs About General Liability Coverage
Is General Liability Insurance Legally Required?
No, but with a caveat. While your state likely doesn’t require general liability insurance for your business, those you work with may. Many contracts, like commercial leases, may include a requirement for general liability insurance before you can work with them. Likewise, if you work with other businesses directly, they may only work with companies that are similarly protected.
General liability is one thing every business owner should have. It protects against the most common types of claims. Many businesses, small and large, experience lawsuits or damage claims against them every year.
I’m a Contractor. Do I Need General Liability insurance?
Absolutely! Contractors can be held liable for incidents related to their work. Some industries may require it, like construction. For other industries where risk may be lower, it’s still smart financial planning to protect yourself against claims. You never know when a client visit to your office could result in an injury or property damage where you would be held liable!
What’s Covered By General Liability Insurance?
Here are a few examples:
- An injury on your property, such as a slip on a wet floor, resulting in an injury with medical costs. The individual could sue your business to recover these costs, and general liability insurance would help with these damages.
- In advertising, you could be liable for slander, libel, or copyright infringement. General liability would help protect against these damages.
- Your business may involve working with client devices, like computers or smartphones. If your actions during work lead to damage to their device, you are likely to be held liable to repair or replace them.
Report A Claim
Do you need to report a claim? Our dedicated claims specialists are standing by to help!
Find out about our claims process, who to contact, and how you can receive afterhours claims assistance.