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What is General Liability Insurance? by biBERK Business Insurance

General liability insurance (GL), sometimes called commercial general liability insurance, protects your company from risks you face every day—things like damage to the property of others, bodily injury to customers, product liability, libel, and copyright infringement—and claims that may be filed against your company as a result.

Without general liability insurance, your company can suffer serious financial damage from allegations, liability, and lawsuits. Plus, small business liability insurance may be required by law, by your clients, or in a lease.

What Does Commercial General Liability Insurance Cover?

In business as in life, accidents happen. Commercial general liability insurance from biBERK is important because it keeps incidents from creating financial hardship by covering costs associated with:

What Does Commercial General Liability Insurance Not Cover?

It’s important to note that commercial general liability insurance
does not cover things like damage to your business property, auto
accidents in company-owned vehicles caused by you or your employees when
traveling for work, personal injuries to your employees, and fraudulent
or intentional acts.

Our insurance experts can talk with you about exclusions and other types of coverage you may want to consider.

What Does Small Business Liability Insurance Cost?

A number of factors affect your small business liability insurance cost.
One of them is the type of company you operate. Some businesses involve
more risk than others, and that risk and your GL insurance rate tend to
go somewhat hand-in-hand. However, other company attributes play a
role, like:

The specifics of your policy—things like coverage limits
(the maximum amount the insurer will pay for a covered claim) and
deductibles (the amount you pay for a covered claim before your
insurance plan starts to pay)—affect your rate as well.

Taking a few minutes to get an online quote is the best way to determine your small business liability insurance cost.

Common General Liability Insurance Claims

Still wondering if your business would benefit from
having general liability insurance? Here are some examples of common
types of claims that can be addressed by GL coverage:

Small business liability insurance can cover costs
associated with these types of incidents, providing peace of mind to
business owners.

Who Needs General Liability Coverage?

Most small businesses can benefit from general liability coverage. We
provide GL insurance to many types of businesses, including:

If you want to know more about how best to protect your business, our small business insurance experts are here to help.

About biBERK Business Insurance

biBERK can help you with all your small business insurance needs, including: commercial auto, general liability, property and liability, umbrella, and workers’ compensation.

Media Contact:
Rakesh Gupta | 402-408-2870

This content is published on behalf of the above source. Please contact them directly for any concern related to the above.

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