How General Liability Insurance
Protects Small Businesses

 

Even the most careful startups and small businesses run the risk of injuring or damaging someone or something during the course of ordinary operations. General Liability Insurance protects your business assets in the event of a costly lawsuit so that you don’t have to drain your bank account or sell your equipment to fund legal fees and court settlements.

General liability coverage kicks in when your business is faced with a lawsuit alleging bodily injury or property damage.

For example, someone might claim that your business…

  • Created an unsafe environment where someone was injured.
  • Damaged personal property.
  • Is responsible for an injury caused by you or one of your employees.

It’s important to note that General Liability Insurance protects your business against claims brought against the company as a whole, as well as claims brought against individuals on the company’s behalf. When a lawsuit commences, your General Liability Insurance covers the costs of investigating or defending those claims, which might include paying attorney fees, witness fees, court expenses, and more.