Providing Exceptional Legal Counsel To Businesses And Individuals

Do I need general liability insurance?

On Behalf of | Nov 11, 2020 | Insurance |

If you own a business, then you understand the importance of having insurance. However, there are a few different types of insurance you may secure. Each has its own importance.

One highly valuable insurance is general liability. The Insurance Information Institute explains general liability insurance protects you from financial loss due to claims of negligence that result in injury or property damage.


The insurance is so important because a claim of injury or property damage could cost you so much that you lose your business. Medical bills especially can be extremely expensive. If you do not have the finances on hand to pay for claims, then you will have no choice but to sell your business assets, which could result in having to close the doors.


Specifically, general liability insurance will help to pay for your defense against claims, and it will payout for any damages the court orders you to pay. It can protect you when someone claims your negligence led to an accident on your business property and resulted in medical expenses, injury or property damage. It also protects you against claims of wrongful eviction, copyright infringement and libel.

Do note that this type of insurance does not protect you against professional negligence claims, such as medical malpractice. You will need a professional liability insurance for that.


You can buy this insurance along with the other coverage you get as part of a business owners policy. Make sure you check the limits to ensure it will provide adequate coverage. Remember that any insurance policy will only pay to the policy limits.