General Liability Insurance

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General Liability Insurance

Protect your business from claims of bodily injury and property damage

Protect Your Business

General liability insurance (GLI), also known as business liability insurance or commercial liability insurance, is essential for all businesses. Liability insurance can cover you from financial losses from third-party claims filed against you, regarding bodily injury, personal injury, property damage, medical payments and more. Depending on your industry, you may have unique risks that general business insurance plans may not cover. At Powell Insurance Group, we will work with you to create a customized plan that works for you, providing you the best coverage possible for your business. Contact us today to learn more.

Why Do You Need General Liability Insurance?

In the world of business, you can’t expect smooth-sailing, nor can you predict every bump in the road. But that’s what general liability insurance is for. Although we hope you never have to deal with third-party claims, we recommend all businesses carry general liability coverage in the event something unfortunate does occur. Accidents happen, and with adequate coverage, you can rest assured knowing you’re covered.

It’s also a great idea to have GLI coverage, since many clients nowadays will request you to have some sort of liability protection before they sign a contract with your business. If you find yourself regularly placing bids for large contracts, having a certificate of liability, or proof of liability insurance, can help you close a deal. It shows that your business is not willing to risk a claim that could threaten your future or success which reinforces trust.

Carrying a general liability policy isn’t a legal requirement in all states, but the pros and benefits far outweigh the costs. Speak with one of our agents today to see how commercial liability insurance can help your business.

General Liability Insurance Coverage

General liability insurance provides coverage that could help you protect your business from claims involving:

  • Property Damage
  • Physical Injury
  • Medical Payments
  • Personal and Advertising Injury
  • Defense Costs

Property Damage. If your employees are working on an off-site location, and they accidentally damage the property next door, liability insurance can help cover the cost of a third-party property claim.

Physical Injury. If a customer sustains an injury on your premises, GLI coverage can help cover the cost of a bodily injury claim.

Medical Payments. Medical payment coverage is automatically included in general liability policies, as they help reimburse third parties, such as customers, clients, or volunteer workers, for medical expenses that incur to treat injuries sustained in accidents that occur from your normal business operations.

Personal and Advertising Injury. If a competing business sues you for libel, slander, invasion of privacy, copyright infringement, etc., then your commercial liability insurance could help you cover those claims.

Defense Costs. Carrying the right general liability insurance policy can help you cover legal defense fees, court costs, settlements, and more. Dealing with claims can be extremely expensive, and without coverage, you could be facing a bill totaling hundreds of thousands of dollars.

Who Needs General Liability Insurance?

Consider investing in business liability insurance if your business falls in one of these categories:

  • Construction & Development
  • Distribution
  • Event Management
  • Landscaping
  • Manufacturing
  • Marketing
  • Real Estate
  • Retail or Wholesale
  • And More

In addition to general business liability insurance, you may want to consider optional liability insurance coverage. For retailers or companies providing products or services, you may want to add on Errors & Omissions insurance which covers negligent acts or errors and/or omissions in performance. If you own a restaurant, bar, or any other business licensed to serve or sell liquor, you should consider investing in Liquor Liability insurance to cover bodily injury or property damage resulting from intoxicated patrons. Want to learn more about your options for coverage? Contact Powell Insurance Group today!

Powell Insurance Group is dedicated to tailoring policies that best fit your business. We’ll get you the quality coverage you need so you and your business remain protected for years to come. Contact us for additional questions, or request a free quote today!