General liability insurance, also known as commercial general liability insurance or business liability insurance, helps cover: Costs for property damage claims against your business. Medical expenses if someone gets injured at your company. Advertising injury claims against your business.

What is an example of general liability insurance?

For example, a hairstylist mops her ceramic foyer but fails to warn customers of the slippery conditions, and a customer slips and breaks her leg. The customer’s bodily injury claim for damages, pain, suffering and medical costs falls under commercial general liability coverage.

What does GL mean in insurance?

General liability insurance (GL), often referred to as business liability insurance, is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and others that can arise from your business operations.

What is the purpose of general liability insurance?

General liability insurance definition General liability insurance can help cover medical expenses and attorney fees resulting from bodily injuries and property damage for which your company may be legally responsible. What does general liability insurance cover?

What kind of insurance is commercial general liability?

Commercial general liability is a form of business insurance that covers claims of injury, illness and property damage against your business. It is primarily a term used for policies in the United States.

Do you have to have general liability insurance for a business?

No, Commercial General Liability Insurance is not required by law. However, most businesses do not have the financial wherewithal to survive a large liability claim against them. That’s why a General Liability policy really makes sense for most businesses.

What’s the difference between professional and general liability insurance?

General Liability and Professional Liability Insurance both help protect your business from the costs of liability claims. They differ in the types of claims they cover. Professional Liability Insurance covers the costs related to claims your business committed errors or omissions in the services or products it provides.