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.