As a business owner, you know how critical it is to keep your company protected from unexpected risks and accidents. General liability insurance is one of the most effective ways to achieve this goal, so it’s essential to understand what it is and how it can protect your company.
What Is General Liability Insurance?
General liability insurance is a basic form of insurance coverage that is designed to protect your business against claims of injury, property damage, and other liability issues.
This type of insurance is often referred to as “slip and fall” insurance because it covers accidents that happen on your physical premises, such as when a customer slips and falls in your store.
However, in addition to premises liability, general liability insurance also covers product liability claims if a customer is injured or suffers property damage due to your company’s products.
A general liability insurance policy will typically include coverages such as:
- Bodily Injury and Property Damage Liability
- Personal and Advertising Injury
- Medical Payments
Why Is General Liability Insurance Important?
When it comes to protecting your business from liability claims, general liability insurance is crucial.
For example, if someone gets hurt on your property and decides to sue your company, general liability insurance can protect you against the cost of legal fees, court judgments, and settlements.
General liability insurance can also cover other types of claims, such as slander or libel, which can occur through advertising or marketing campaigns.
In addition to protecting your company against liability claims, general liability insurance has several other benefits. It helps to build trust with customers by showing them that your company is committed to taking responsibility for its actions.
It also gives you peace of mind, knowing that you are covered if something goes wrong. In some cases, having general liability insurance can even help you win new business by showing potential clients that you are a responsible and trustworthy company.
When it comes to purchasing general liability insurance coverage, it’s essential to work with a reputable insurance agent that understands your business needs and can customize your coverage accordingly.
Our agents at Uniserv Financial stand ready to work with you to identify potential risks and recommend coverage limits that are appropriate for your business. Contact us today!
Wrapping It Up
General liability insurance is an essential component of an overall risk management strategy for your business.
It can help protect your company against liability claims and provide many additional benefits, such as building trust with customers and giving you peace of mind.
Be sure to work with a reputable insurance agent to customize your coverage and ensure that you have the protection you need to keep your business safe and successful.
Need General Liability 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.
