General Liability Insurance: What’s Covered and What’s Not

As a business owner, understanding your risks is essential to protecting your company’s financial future.

At Bargain Insurance Connection, we know that general liability insurance is important in reducing the possible monetary impact of unexpected risks to your small business. As such, it is crucial to know what your policy does and does not cover.

What Does a Policy Cover?

A typical general liability insurance policy offers the following:

• Bodily injury liability coverage can help pay for the medical expenses of a customer or another third party getting injured on your premises or as a result of your operations.
• Property damage liability coverage can cover the repair or replacement of a customer’s property if it’s damaged by you or an employee while performing contracted work.
• Personal and advertising injury coverage can help with claims of libel, slander, copyright infringement or false advertising made against your business.

What Is Not Covered by General Liability Insurance?

A general liability policy may be broad, but it does not protect against every risk. Common exclusions include:

• Damage to business vehicles caused by accidents, falling objects, weather events, theft or vandalism
• Mistakes or negligence in the product or service you provide
• Damage to your business’ own property, inventory or equipment
• Employees’ medical expenses or lost wages following a workplace accident
• Claims resulting from intentional or illegal acts

Depending on your needs, your broker may recommend policies such as commercial auto, commercial property, product liability, professional liability or workers’ compensation. Consult your broker to learn more.

How Can We Help You Make an Informed Decision for Your Business?

Every business is unique, and understanding the details of your general liability policy is crucial. Our team at Bargain Insurance Connection is here to help you review your risks, explain coverage options and identify any gaps that may need additional protection.

Ready to discuss your business insurance needs? Contact Bargain Insurance Connection today to request a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.