As a business owner, having general liability insurance is essential to protecting your business from potential legal and financial risks. General liability insurance provides coverage for bodily injury, property damage, and personal and advertising injury claims that may arise from the operations of your business.
General liability insurance can help protect you in a variety of ways. First, it covers any medical expenses that may be incurred by someone injured on your premises or as a result of your products or services. This means that if someone slips and falls on your property or is injured while using one of your products, you will not have to pay out-of-pocket for their medical bills.
Second, general liability insurance can cover any damages to third-party property caused by your business operations. For example, if a customer trips over a loose wire in your store and breaks their laptop, your general liability policy could cover the cost of replacing the laptop.
Third, general liability insurance can provide coverage for any libel or slander claims made against your business. If someone accuses you of making false statements about them or their business, your policy can help cover the costs associated with defending yourself in court.
Finally, general liability insurance can help protect you from copyright infringement claims. If someone accuses you of using their copyrighted material without permission, your policy can help cover the cost of defending yourself in court and any settlement costs that may be awarded to the other party.
Having general liability insurance is an important part of protecting your business from potential legal and financial risks. It can provide coverage for medical expenses, property damage, libel/slander claims, and copyright infringement claims that may arise from the operations of your business. With this type of coverage in place, you can rest assured that you are protected should any unexpected issues arise.
“As an entrepreneur with three businesses currently running, general liability is an absolute must… For all three!” – Dustin J. Mahurin, owner of Mahurin.me Digital Marketing, Nerd Bazaar Online Marketplace, and FoxHound Pest Control.