If you don't already have general liability insurance for your business, you might be wondering if it would offer valuable and helpful coverage for your business. If you do already have general liability insurance in place, you might be a bit curious about what type of coverage it provides for you and your company. General liability insurance policies do vary. Overall, though, you can typically rely on these policies to cover the things listed below and more. Check over your policy paperwork or talk to your insurance agent for more information about what is and is not covered by your specific policy.
Medical Expenses if a Customer is Injured
You might already have workers' compensation in place. This is required for business owners in the United States, and it helps you ensure that your employees are covered if they happen to get injured while they're on the job. However, workers' compensation insurance will not cover customers if they get hurt while visiting your place of business. If you want to help ensure that any injured customers get the medical care that they need — and if you want to protect your business from injury-related lawsuits — then you will want to make sure that you have adequate general liability insurance in place.
Damaged Customer Property Costs
Depending on the type of business that you run, you might be concerned that your customers' personal property could be damaged. For example, if you run a landscaping or construction business, there is the possibility that something could fall on a customer's car or cause damage a customer's home while you're working. If you have general liability insurance coverage, then you can make sure that these repairs will be paid for, and you won't have to worry about the cost of the repairs crippling your business.
Injuries Related to Advertisements
Lastly, you might not be able to imagine how your advertisements could cause any type of injury or issues for your customers. However, if your business gets sued because a customer or potential customer claims that your advertisements injured them in some type of way — such as if they claim false advertising — then you could face serious financial impacts because of this lawsuit. If you have general liability insurance, however, you should hopefully be able to count on your insurance to help you out.
As you can see, there are a few different things that general liability can cover for your business. Consider purchasing a general liability insurance policy, if you don't already have one, and you'll likely be glad that you did.