General liability insurance is a comprehensive policy for your business. Everyday your business faces certain liabilities that can result in claims against you and your business for damages. The best form of protection for your business and its assets is general liability insurance. General liability insurance covers and claims against you that have resulted in injury or damage to a third party or their property. This type of liability insurance policy is commonly provided with property insurance. General liability insurance is critical to protect your business, defense costs alone are skyrocketing just to fight such claims whether they are genuine or bogus.
There are four primary features of coverage provided by general liability insurance policies are:
- Bodily Injury – Physical harm that may come to a person caused by your business or its employees.
- Property Damage – Damage to the property of a third party caused by your business or its employees.
- Personal Injury – Covers you and your business against negligent acts and/or omissions which result in libel, slander, invasion of privacy, or false arrest.
- Advertising Injury – Covers the cost of damages done in the course of spoken or written advertising that liable, slanders or disparages another person or another organization’s goods, products or services.
Primary coverage limits are typically $1,000,000-$2,000,000. If additional limits are needed an excess liability or umbrella policy may be required.
Other types of California business liability coverage is also available for your business such as products liability and errors and omissions or professional liability coverage.