General liability insurance is a crucial policy providing financial protection to businesses and individuals. It safeguards them against lawsuits for bodily injury, property damage, or personal injury. This type of insurance covers the cost of legal defense or settlement if the policyholder is responsible for an incident that resulted in harm or damage to a third party.
Businesses usually purchase general liability insurance to protect themselves from potential lawsuits related to unfortunate events or injuries that occur within the workplace or as a result of their products or services. This type of insurance can also be helpful for individuals, such as contractors or freelancers, who may be held liable for damages they cause while performing their work.
It depends on the type of insurance you have. If your insurance covers liabilities arising from your business operations, you may not need general liability insurance. However, your current insurance policies only cover specific risks, such as property damage or employee injuries. In that case, you may still need general liability insurance to protect your business from other liability claims.
General liability insurance can help pay for the cost associated with third-party injuries or property damage from your business operations. It can also provide legal defense for your business if someone brings a lawsuit against it. Ultimately, getting general liability insurance will depend on your business’s specific needs and risks.
General liability insurance usually covers third-party bodily injury, property damage, and advertising injury claims. The coverage means that if someone is injured on your property or you damage someone’s property during your business operations, your general liability policy would help cover the costs of any resulting lawsuits or settlements.
It’s important to note that the scope of coverage can differ depending on your specified policy. This is where an expert insurance agent comes in. They can help you navigate the complexities of insurance and determine which type of policy and coverage limits are right for your business. So, working with them is essential to ensure you have the right level of protection.
Give the team at Kocman Insurance Group a call at 717-854-0300 and we will be glad to answer any of your questions or concerns.