General Liability Insurance

General liability insurance can be essential for protecting businesses from potential risks and liabilities. Whether you operate a small startup or a large corporation, general liability insurance can be a crucial safety net, protecting your organization from the financial consequences of unexpected accidents, lawsuits or legal claims. It is often considered the cornerstone of responsible business ownership, providing peace of mind and financial security.

What Does General Liability Insurance Cover?

General liability insurance typically includes the following coverages:

• Bodily injury coverage can help pay for medical expenses, legal fees and potential settlements or judgments if a third party, such as a visitor or a passerby, is injured due to your business operations.
• Property damage coverage can cover damage to third-party property caused by your business operations. For example, if you or an employee accidentally damages a client’s property, this coverage may assist in offsetting the expenses related to repair or replacement.
• Personal and advertising injury coverage can help address slander, libel or copyright infringement allegations. This coverage helps shield your business from the financial consequences of such claims, encompassing expenses related to legal defense and potential settlements.

How Does General Liability Insurance Work?

General liability insurance helps protect businesses from financial losses from third-party claims of injury or property damage that occur on the premises or as a result of their operations. When a claim is filed, the insurance company investigates and may provide legal representation. If the claim is approved, the insurer settles or pays any judgment within the policy limits, considering deductibles. Businesses pay premiums for this coverage, which is determined by various factors such as business size, type, and risk level. Maintaining a safe environment and managing risks are crucial for reducing claims and keeping insurance costs manageable.

How to Get General Liability Insurance

Contact American West Insurance Agency to discuss your general liability insurance needs.