As a business owner, it’s essential to know the differences between the different types of insurance available to you. In this post, we will address the critical question that often arises- Does General Liability cover Workers’ Comp? Keep reading to discover the answer.
What Is General Liability Insurance?
General Liability insurance is a type of insurance coverage that aims to protect businesses against third-party claims of property damage, bodily injury, or advertising injuries.
This type of policy covers compensation for property damage, medical costs, or lost wages that a third-party can file against a business due to their operations, products, services, or advertising.
Simply put, General Liability insurance covers claims from any third-party other than the employees of a business.
What Is Workers’ Compensation Insurance?
On the other hand, Workers’ Compensation insurance is a mandatory coverage option that offers insurance to employees in case of any job-related injury or illness. It provides wage replacement and medical benefits to employees who get injured or fall ill at work, regardless of who is at fault. It also covers the cost of rehabilitation for employees requiring additional care to recuperate from their injuries.
Does General Liability Cover Workers Comp?
Most often, business owners believe that their General Liability insurance policy includes Workers’ Compensation insurance coverage, or that both policies are interchangeable. However, it is crucial to note that Workers’ Compensation insurance and General Liability insurance are two distinct policies that serve specific purposes.
A General Liability insurance policy will not cover an injured employee’s medical or wage replacement costs.
Wrapping It Up
It’s essential to know that Workers’ Compensation insurance and General Liability insurance are two different policies that offer different types of protection.
As a business owner, it’s advisable to have both policies in place to protect your business and your employees.
Always ensure that you understand the coverage limits, exclusions, and terms of both policies before purchasing them.
To ensure that your business is well-protected against all types of risks and lawsuits, speak to an insurance professional who can advise you on the best policy options for your business needs.
Need Business Insurance? Uniserv Is Here To Help
Whether it’s life insurance or business insurance, we offer a wide range of insurance solutions to protect the things you value the most.
We serve companies and individuals all over California. Call 888-698-6473 today or fill out the contact form to get the dependable protection you deserve.