If you own a small business, you know you face business risks and may wonder, “What are some common general liability insurance claims?” That’s an important question, as the answer can help you understand whether you need general liability insurance (most businesses do) and if so, how much.
What is Commercial General Liability Insurance?
Commercial general liability insurance is a type of coverage that protects your business from the potentially serious financial repercussions associated with many types of liability. This includes:
Having the right amount of coverage (and potentially an umbrella insurance policy to extend that coverage) is essential when it comes to protecting your business.
General Liability Insurance Coverage: Common Scenarios
General liability insurance coverage is helpful in a wide variety of instances. For example, it may provide coverage in scenarios like these:
Can General Liability Insurance Coverage be Customized?
General liability insurance coverage is fairly broad. However, you can customize your policy with many different types of add-ons as needed. This can include what are called "endorsements" for: