Insurance

The Importance of General Liability Insurance

Mar 18, 2020
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What Does General Liability Cover?

Whether you own a large company or small business, you can greatly benefit from a general liability insurance policy. This type of insurance will protect your company from lawsuits or claims that result due to property damage or bodily injury that occurred on your behalf. Having general liability insurance tampafl will also cover non-professional negligent acts, which are characterized by failing to take proper care of something or someone. If you don’t have general liability insurance, you stand the chance of paying out of pocket for certain incidents that occur. There are various situations that general liability insurance may cover.

Bodily Injury

A bodily injury claim against your business can be costly. That’s because the claimant may have from visiting the doctor or staying at the hospital. For example, a customer might enter your building and use your stairs. Imagine that he or she slips and falls due to a spill and hurts their leg. This person may sue your company for damages. Your general liability insurance can help cover the cost of this type of bodily injury claim. As a result, your policy can help alleviate the financial strain the claim has on your business.

Property Damage

Maybe you’re doing construction on your building and the construction workers accidentally damage the property next door. In this type of situation, your general liability insurance policy can help cover the cost of a covered property claim. While you might not immediately think of bad things happening because you’re so focused on running your business, these things can happen. That’s why protecting against property damage claims is so important. Your insurance company can help pay for those damages and give you peace of mind.

General liability insurance is not only important for your protection, but it’s also a key component people look for when working with a company.

If you don’t have general liability insurance, you stand the chance of paying out of pocket for certain incidents that occur. There are various situations that general liability insurance may cover. While you might not immediately think of bad things happening because you’re so focused on running your business, these things can happen. That’s why protecting against property damage claims is so important. Your insurance company can help pay for those damages and give you peace of mind. Your general liability insurance can help cover the cost of this type of bodily injury claim. As a result, your policy can help alleviate the financial strains the claim has on your business.

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