What is general liability insurance?
For those of us that would want to know, let me start by saying that general liability insurance covers injuries, property damage, and related lawsuits incured by someone.
It is important to also say here that general liability insurance often required for commercial leases and contracts.
When do small businesses need commercial general liability insurance?
Almost every business needs some form of general liability insurance to protect company assets and sign important contracts.
Commercial general liability can help small businesses pay for unexpected lawsuits, sign deals with new clients, rent commercial space, and avoid bankruptcy.
A policy reassures clients that you’ll be able to compensate them if you damage their property or injure someone with your work. Most small business owners purchase a policy shortly after starting a business.
> Have a location that is open to the public
> Interact with people on a job site
> Handle client property
> Rent business space
> Sell products to customers
> Advertise or market their services
> Use social media and have an internet presence
> Industry and risk factors
> Coverage limits
> Number of employees
Related Searches:what is general liability insurance
how much is general liability insurance
what does general liability insurance cover
how much does general liability insurance cost
what does commercial general liability insurance cover
That is it on GL Insurance – General Liability Insurance.