General Liability Insurance
General Liability Insurance Information
One of the most important dangers to protect your business from is lawsuits and related accident. A single lawsuit could cause your business thousands if not millions of dollars in loss, especially if your company is new and doesn’t have the resources to pay off such an unexpected expense.
At Florida Best Quote, we will help you protect your business with a general liability insurance policy tailored for your business’ needs. We will make sure that you are protected in case of an accident or lawsuit.
What is General Liability Insurance?
General liability insurance is a liability policy designed to cover common accidents and lawsuits that could face your business. This insurance is one of the most common and important forms of liability designed to protect your business.
What Does General Liability Insurance Cover?
Coverage under general liability insurance falls into three main categories:
Medical Payments and Property Damage
General liability insurance can cover medical bills someone else may face if they are injured on your business’ property. For example, say someone trips and falls in your restaurant. General liability insurance can pay for expenses such as emergency services, procedures, doctor’s visits and more.
It can also cover replacement and repair costs in case someone’s property is damaged due to the course of everyday business. If someone’s expensive jewelry is broken at your indoor trampoline park, for example, this insurance can help replace or repair the damages.
Personal and Advertising Injury
Personal and advertising injury coverage covers claims against the business concerning libel, slander, malicious persecution, theft of an advertising idea, copyright infringement and other incidents. This can cover legal expenses concerning these types of claims, as well.
Legal Expenses
Another part of general liability insurance helps protect the business in case of a general liability accident. If a lawsuit is filed against your business concerning a general liability accident, this insurance can provide compensation for legal expenses such as court fees, defense costs, settlement costs and more.
Additional Liability Options
General liability insurance only covers non-professional negligent accidents. To expand your coverage, you may choose to bundle it into a business owners policy (BOP). A BOP combines general liability and commercial property insurance into a policy for small businesses. Other liability insurance you may add include:
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Professional Liability
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Umbrella Liability
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Products Liability
Protect with Florida Best Quote
Protecting your business is a top priority. Florida Best Quote is dedicated to helping you protect your business with comprehensive and affordable insurance. Call us at 727-755-0072 or fill out a quote form to get started today.
Common General Liability Questions
Every business’ needs are different when it comes to general liability insurance. Speak with an insurance agent to make sure that you are getting the best coverage for your business.
Essentially every business regardless of location, size or industry needs general liability insurance. This is because accidents covered under general liability can happen anywhere at any time. If you plan on starting a business, make sure you have general liability insurance.
The cost of general liability insurance varies depending on your business’ size, location, industry, coverage limits, deductibles and other factors. Fill out a quote form to find out how much you can save on general liability insurance.
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