Common Question About General Liability Insurance
You Ask, We Answer
Businesses need General Liability Insurance because accidents, injuries, and property damage can happen unexpectedly. It helps protect businesses from the financial burden of costly lawsuits and claims. Additionally, contracts, landlords, or licensing boards often require General Liability Insurance.
Yes, General Liability Insurance covers legal defense costs in lawsuits related to covered claims. It can help pay for attorney fees, court costs, settlement negotiations, and judgments up to the policy limits.
The cost of General Liability Insurance can depend on several factors, including the size and nature of the business, industry, location, annual revenue, claims history, and coverage limits desired. Higher-risk businesses or those with a claims history may typically have higher premiums.
No, General Liability Insurance typically does not cover professional services or errors and omissions related to professional advice. Professional Liability Insurance (Errors and Omissions Insurance) is a separate type of coverage designed for such risks.