Business General Liability insurance is often simply referred to as General Liability insurance. This significant protection to a business covers claims of property damage and/or bodily injury to a 3rd party caused by your business operations, from the insured premises, or when someone is injured as the result of using the product manufactured or distributed by your business. This general liability coverage may also provide for the legal defense of the insured.
Why Do You Need Business General Liability?
Consideration must be given to the extent and limits of coverage a business might need to meet the comprehensive need of the organization. Limits protect assets of the insured, how much is needed should be carefully evaluated by the insured. How broad or comprehensive the coverage also needs to be can be judged in the analysis of how to protect your business. Lawsuits, with there frequency of filings and values of the judgment against an insured are skyrocketing, and a loss or judgment against the business can be catastrophic financially.