What’s covered by General Liability Insurance (and what isn’t)

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The Insurance Information Institute reports that the average jury award for a major liability claim in 2015 was $1.14 million.

Imagine that a product you sold causes a customer to be injured. Even though you would never purposely harm someone, you may be liable for medical bills, court fees, and other damages, and those can add up quickly.

What if one of your employees, while representing your company, publishes something negative about one of your clients on social media? Will you be covered if your company is sued?

You’ve worked hard to build your business, so you shouldn’t let a mishap derail your success. Your work is important, so it’s vital to protect yourself with general liability insurance.

What does General Liability cover?

Commercial General Liability protects your business from lawsuits related to harm you cause others in three primary categories:

  • General Liability – Coverage A: Your products, your work, your operations, your premises;
  • General Liability – Coverage B: Personal or Advertising Injury related to slander, libel, copyright infringement, etc.;
  • General Liability – Coverage C: Medical Payments to injured parties, regardless of negligence or fault.

What isn’t covered by General Liability?

Common coverage gaps include contractual liability, leased workers, damage to property, electronic data, pollution, liquor liability, mental anguish, and product recall.

You can protect yourself further and save money by combining your General Liability policy with others types of liability insurance:

We offer a wide range of options to make sure your business is covered, so contact us today to chat about your Liability needs.

 

 

 

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