General liability insurance coverage

General liability insurance is a type of insurance coverage where it’s insurance policy is aimed at protecting a company from bodily harm, personal injury, and property damage caused during day to day running of the business’s operations or to it’s goods.

This article will open our eyes to understand and learn everything you need to know about general liability insurance coverage.

What is general liability insurance coverage

This type of insurance is also known as business liability insurance, and it is a form of insurance policy which protects a firm or company from bodily harm, personal injury, and property damage caused during the running of the business’s operations or by its goods, or injuries sustained on the premises of the company.

for small companies it provides coverage for them against bodily injuries, medical payments, advertising injuries, and more.

moreso, this type of insurance also gives you protection financially if a legal action is taken against the company for an injury that occurred at the place of the business, for causing property damage to a visitor, or for inflicting an advertising injury, such as defamation, copyright violation, or libel.

you should be made to know that almost every business needs general liability insurance.

So it will be good if we take a quick look at some good reasons why you should be needing general liability insurance coverage for your business. some of the reasons are numbered below;

• the one which seems to be the most important reason why you should purchase general liability insurance coverage is the fact that most of your clients or employers may require it before doing any business with you.
• it also gives you the opportunity of Interacting with your clients in person, working on someone else’s property, and promoting your company are other business situations where general liability insurance may be required.
• it also protect them company against lawsuits, investigations, medical losses, and attorney bills, most firms require general liability insurance inorder to cover all these
• A certificate of insurance is given to clients which is a requirement to show that you have an insurance coverage. the certificate of insurance being given is an official document that outlines all of an insurance policy’s coverage types and limits.
• Once you can be able to show proof of insurance of a certificate of insurance, it would give you the edge to be ready to do business with other person’s or company’s.
• When once you have general liability insurance coverage, you would not have to stress yourself about what to do if a customer trips and falls, or how you’ll pay for a replacement vase if you break one at a client’s home.

Conclusion

To have general liability insurance coverage is like food business for every business owner. because it has the power to feed you or pay you when things go wrong.

Therefore refusing to have general liability insurance coverage as a business owner is a very risky decision to make , as a matter of fact very good number of clients wouldn’t do businesses with you unless you buy business liability insurance.