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As a business owner, you face a lot of risks on a daily basis. To ensure you’re protected against the biggest of these, implementing general liability insurance is a must. Without this insurance in place, you could be held personally accountable for any issues that impact your customers. Here’s a closer look at how it works.

What Does General Liability Insurance Cover?

Accidents can happen anywhere. However, when an accident happens at your business that causes bodily harm to a third party, you’ll be responsible for the resulting medical costs. A liability policy covers these costs as well as any property damage incurred by another person that you’re deemed responsible for.

General Liability InsuranceLiability insurance also takes care of costs related to lawsuits. This includes attorneys, court fees, and any damages you’re required to pay out. It can also protect you against other legal issues, such as accusations of slander or libel, copy infringement, or false advertising.

What Doesn't It Cover? 

Only unintentional damage is covered under these policies. Litigation resulting from crimes or other wrongdoing will not apply to your liability policy. It also doesn’t cover all types of injuries occurring at your business. For example, if an employee is injured, you’ll need a workers’ compensation policy. 

Your property is not protected under liability coverage, either. The building you operate out of will need its own property coverage, and any vehicles you use during the course of business must be covered by a commercial vehicle policy. If you provide a professional service and a client claims they experienced damage as a result, professional liability insurance is necessary to provide comprehensive protection. 

 

If you have questions about general liability insurance for your High Point, NC, business, Phillip Kent Beck Agency is here to provide answers. As a representative of Nationwide® Insurance, you can rest assured of quality service at every step. The agency offers a number of commercial policies suited to business owners, including coverage for property, professional liability, and liability coverage suited to employment practices. Call (336) 434-2111 today to schedule a consultation with an insurance agent you can trust. Like the Facebook page to stay up to date on all the latest news. 

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