What Is General Liability Insurance?

General liability insurance is a type of insurance that provides coverage for businesses in the event of lawsuits or claims made against them for bodily injury, property damage, or other types of losses. This insurance is important for businesses to protect themselves from financial losses due to unforeseen events.

Here are some examples of why a business may need general liability insurance:

• Bodily injury claims: If a customer is injured while on a business's property, general liability insurance can help cover medical expenses, legal fees, and other costs associated with the injury.
• Property damage claims: If a business causes damage to someone else's property, such as a building or vehicle, general liability insurance can help cover the cost of repairs or replacement.
• Personal injury claims: If a business is accused of slander, libel, or copyright infringement, general liability insurance can help cover legal fees and other costs associated with the claim.
• Product liability claims: If a business manufactures or sells products, it may be liable for injuries or damages caused by those products. General liability insurance can help cover the cost of legal fees and settlements in these cases.
• Advertising injury claims: If a business is accused of false advertising or other types of misleading marketing, general liability insurance can help cover the cost of legal fees and other associated costs.

Overall, general liability insurance is important for businesses of all sizes to protect themselves from unexpected losses and legal claims. Without this insurance, a business may be at risk of significant financial losses due to lawsuits and other claims. Armour’s brokers can help you find the best coverage at the best price.