Your business is your livelihood, so it’s crucial to take precautions against potential legal issues. With that in mind, how do you know what type of liability insurance is best for you? The coverage world can be complicated, which is why Consolidated Agency of Rochester, NY, urges customers to learn the basics of commercial liability insurance.

5 General Liability Insurance FAQs 

What Is General Liability Insurance?

General or commercial liability insurance protects businesses from being sued by a third party—essentially, anyone who is not an employee of the company.

What Does General Liability Insurance cover?

This policy covers fees associated with filing claims and defending yourself against the third party. The coverage includes fees for lawyers, court, witnesses, settlements, and judgments. Depending on your policy, it could also protect you from having to pay for the third party’s medical expenses and property repairs. 

Do You Need General Liability Insurance if You Have Professional Liability Insurance?

Possibly, as both types of insurance protect you against third parties. However, professional liability insurance (also known as errors and omissions Insurance) covers businesses who sell their expertise. If a client accuses you of making a mistake, failing to provide a service, or providing negligent services, this policy will protect you. Professional Liability Insurance does not protect you from a customer’s physical injuries or property damage.

How Much Does General Liability Insurance Cost?

The total cost of business insurance varies based on your industry, the size and location of your company, and your level of experience. As with any type of insurance, you can find the most valuable policy by shopping around and contacting difference insurance agencies.

Does General Liability Insurance Protect You Against Product Liability?

The majority of general liability policies cover product liability. If a customer claims your product or service hurt them, the policy should cover your costs for an attorney. 

Before you go another day without the proper business coverage, get an insurance quote from Consolidated Agency by calling (585) 467-4110. Their team has almost 30 years of experience, so you can trust them to find customized insurance coverage for you, your family, and your business. Stop by their website to view their full range of offerings.