General Liability Insurance

As a business, you must account for various risks and exposures that could lead to significant financial losses. Situations in which you are at fault for another party’s losses may have particularly damaging consequences. Fortunately, effective loss control measures, including an adequate general liability insurance policy, can make all the difference. 

What Is General Liability Insurance? 

As its name suggests, general liability insurance casts a versatile safety net across many common risks and perils. This type of insurance may be advisable for your company, regardless of industry or circumstances. By purchasing a general liability insurance policy, your organization may be able to access critical financial assistance in response to various incidents from which third parties, such as customers, visitors and passersby, accrue losses.  

What Does General Liability Insurance Cover? 

Although the details of your policy may vary, general liability insurance is typically capable of providing coverage in response to the following incidents: 

• Bodily injury—This component of your policy may help pay for the medical bills, reduced income and other financial losses of third parties caused by incidents for which you were responsible.

• Property damage—Your policy may provide financial assistance for repair or replacement costs if your organization is at fault for an incident that damaged another party’s property.

• Personal and advertising injury—This coverage may help pay for legal costs and financial losses arising from personal and advertising injuries for which you were liable, such as slander, intentional copyright infringement and false advertising.

How Much General Liability Insurance Do I Need? 

Your company’s general liability insurance needs may vary significantly from other businesses. As you explore potential policies, consider your organization’s risk levels and possible exposures. For example, if your business’s operations regularly include hosting third parties on-site, conducting work-related tasks at other locations or advertising and marketing efforts, you may have a higher chance of being liable for third-party losses. So your coverage needs may be greater.  

Get the Right Coverage 

With over 20 years of experience serving the coverage needs of businesses, families and individuals, the staff at Jones-Byrd Insurance Agency is well-equipped to help your company secure the right policies. Our agents will work with you to assess your circumstances and identify options for protecting your finances and future. Contact us today to begin.