General Liability

It is an insurance coverage that protects business owners, and their businesses from third party claims which involve property damage and bodily harm or injury. This coverage protects business owners and pays for the cost of litigation, bonds, settlements, and judgements as posted by the courts to the extent of the policy limit.

All businesses operate in an increasingly litigious society, and this also increases their need to understand what is general liability insurance coverage. Even if it may be difficult to imagine a situation where you are likely to face a claim from a third party, insuring your business against such unforeseen factors and events is wise. While the cost of a getting a general liability insurance policy for your business depends of the type of business, risk factors and your coverage needs, it is still relatively inexpensive. This is very affordable compared to the amount of money you would spend 'out-of-pocket' in legal fees and compensation in the event that your business is sued.