General Liability Insurance Guide: What Is Covered In GL Insurance?

Virtually every type of business needs some form of insurance to protect them from lawsuits, damage to customer property, customer injury, and so on. You can buy general liability insurance (GL) online. Don’t select the first quote you come across. It’s important to learn the terms and do your research, just like any other type of insurance.

The industry you are involved in plays a big role in the policies and coverage you should look for. If you’re new to the business world and don’t have much experience, or have had problems with claims in the past, you’ll need to prove to the insurance companies that you’re not going to be a risky investment and that you deserve compensation. chance to prove yourself. If there are any red flags you raise, insurers may not want to cover you.

If you are not involved in high-risk industries, you should have a better chance of getting approved by a good insurance company. Even if your industry is considered risky, there may still be options for you.

Keep in mind that business liability insurance policies are not all created equal. A GL policy is not a “one size fits all” type of deal. A good insurance company writes a policy that is as specific as possible to the needs of your company. There are even insurance options for those who work from home. For example, if you run a business that builds websites, you may want a policy that protects you from libel, defamation, accidental copyright infringement, etc. Note: If you really have a history of litigation, it may be difficult for you to good policy.

What is not covered by General Liability Insurance for Business?

What does GL business insurance typically NOT cover?

• Professional misconduct

• Damage to your own company property

• Employee injuries

• Employee discrimination procedures

If you want protection for your own physical business property, look for commercial property insurance. This will help pay for the cost of repairing/replacing your business related property when it is damaged due to theft, fire and other types of weather related events.

Occupational injury insurance is something to consider if you are concerned about worker injuries.

Where should you begin your search for business liability insurance and other business coverage? There are many affordable, tailor-made solutions at Hiscox Business Insurance. You should be able to find all the coverage you need. It’s easy to compare policies to determine what’s best for you.