What is general liability insurance?

General liability insurance is designed to protect against common risks that nearly any business may encounter when engaging with the public, clients, and customers.

General liability insurance protects against bodily injury and property damage caused by you or your employees to others. It’s one of the first, and most important, policies a small business owner should consider purchasing.

Bodily Injury: This coverage helps with expenses from claims for injuries caused by your business’s negligence. It covers medical costs and more.

Property Damage: Protection against claims for repairing or replacing property damaged by your business’s negligence.

Advertising Injury: This coverage deals with claims for damage to someone’s reputation caused by your business’ advertising or marketing materials.

• Damage to your own property
• Damage to your own work
• Injury to your employees
• Professional services and advice

Who needs general liability insurance?

General liability insurance is at the top of the list of essential coverages for any small business. Consider this protection if your small business has employees and interacts with customers or clients on-site.

It is also crucial if your business sells products or services to others. This includes e-commerce businesses, online wholesale businesses, and those small businesses using platforms like Amazon, Walmart, Target, or Rangeme.

How much does general liability insurance cost?

General liability policy costs vary. Business size, work type, and industry are all business factors that will affect the cost.

Generally, Gild Insurance customers pay $250 annually for a general liability policy.

Why does your business need general liability insurance?

General liability insurance helps cover damages and protects your business property, equipment, and cash flow. These protections will help avoid bankruptcy. Lawsuits are costly and can cripple your business.

General liability insurance also protects your small business operations. General liability insurance will protect your business license. Some states require general liability insurance to obtain or maintain a business license.

This coverage protects your business’ reputation and image. It is essential to safeguard both!

Get a general liability quote!

Your Gild Insurance Agent is here for you. Your Agent will make sure you get the right business insurance for your business. For a free, online quote, try out Gildber! Gildber will compare general liability providers. Offering you a fast, hassle-free option for an online business insurance quote!

For all the details, check out our General Liability Insurance FAQs and blog, The Gildfitter.