General Liability Insurance

What is General Liability Insurance?

General liability insurance, also known as business liability insurance, protects you and your business from a variety of things such as bodily injury, property damage, personal injury, property damage and more. 

It’s a policy usually combined with property insurance in a Business Owner’s Policy, but it’s also available as a stand-alone coverage with Young Insurance Group.

Is it required by law?

No, but should you decide not to carry a policy you could be responsible for all medical bills, legal fees, and any other expenses related to a claim against your business.

What does general liability insurance cover?

A policy would protect against:

Third-party bodily injury — If a customer is injured on your property, a general liability policy helps pay for medical expenses or legal expenses if you are sued.

Third-party property damage — General liability can cover expenses to repair or replace customer property that is damaged at a business.

Product liability — If your product causes harm to people or property, general liability can provide coverage against lawsuit, damage, or medical expenses.
Libel, slander, and copyright infringement — If someone sues your business or an employee over slander or copyright infringement, your policy would cover legal expenses.

What isn’t covered?

General liability insurance does not cover:

Professional errors — Undelivered services and missed deadlines.

Employee injuries — This is meant to be covered by workers’ compensation insurance.

Business property damage — Commercial property insurance is meant to cover this.

Employee discrimination lawsuits — You would need an Employment Practices Liability Insurance policy for lawsuits related to harassment, discrimination, and wrongful termination.

How do I get a policy?

Young Insurance Group agents can take a look at your business model and suggest proper coverage to make sure your business is protected against liability lawsuits and settlements. Schedule a free consultation today!