General Liability Insurance

In business, risk is an inevitable part of operations. One way to mitigate these risks is through general liability insurance. This type of insurance is a must-have for businesses as it can provide financial protection against a variety of claims and lawsuits.

What Does General Liability Insurance Cover?

General liability insurance can primarily cover legal costs and payouts for which your business is found liable. This typically includes third-party bodily injury, property damage, personal injury and advertising injury claims.

Who Is Insured on a General Liability Policy?

In a general liability insurance policy, the individuals or entities who are covered for injuries typically fall into the following categories:

• Third parties—General liability insurance primarily protects the policyholder (the business or individual) against claims made by third parties for bodily injury or property damage. Third parties can include customers, clients, vendors, visitors or any other non-employee individuals who might be injured or suffer damage as a result of the policyholder’s business operations or premises.
• General public—This includes any member of the public who might be affected by the insured’s activities. For instance, if a passerby is injured by a falling object from a construction site, they could be covered under the construction company's general liability policy.
• Customers and clients—If a customer or client is injured while on your business’s premises or while using your products or services, they would be considered injured parties under the policy.

It is important to note that general liability insurance does not typically cover injuries to the business’s own employees. Employee injuries are usually covered under a separate workers’ compensation insurance policy.

How Much Is General Liability Insurance?

The cost of general liability insurance varies depending on several factors such as the size of your business, the industry you’re in and the amount of coverage you need. To get accurate pricing, speak with an insurance agent and request a personalized quote.

Do You Need General Liability Insurance?

Don't leave your business vulnerable to unexpected risks. Call Arches Insurance today to learn more about our general liability coverage options.