Commercial General Liability Insurance
If you're a business owner, commercial general liability insurance is an extremely important coverage to have. No matter what type of business you run, the industry you work in, or your current situation, you need to carry some basic general liability coverage to protect your company from potential financial disasters. Here's what you need to know.
What is General Liability Coverage?
A commercial general liability coverage policy protects your interests if your business or products are somehow responsible for injury or damage to your clients or their property.
Here are a few examples:
- You operate a landscaping business, and one of your employees accidentally backs a riding lawn mower into your client's BMW, causing damage to the car.
- You run a small salon, and your two o’clock appointment slips on a patch of ice on the walkway to your front door. She breaks her arm and needs a few months of therapy to recover.
- You have a locally-famous donut shop, and a small batch of your gluten-free donuts was made with non-gluten-free flour. A gluten-sensitive customer decides to sue.
In each of these scenarios, general liability coverage can protect you from sustaining thousands of dollars in damages – or even court fees, if a lawsuit is brought against you.
Making Sure You Have Sufficient Liability Coverage
Every business needs liability coverage, but the amount of business liability insurance coverage you need depends on many factors:
- The Type of Storefront You Have– do customers come to you or do you go to them?
- Your General Industry– for example, if you work in the food industry, it's smart to have more coverage.
- Whether or Not Your Business Involves Driving to Different Locations– for example, if your business has a delivery vehicle, you’ll need coverage that goes beyond your storefront.
These are just a few of the factors that impact the amount of general liability coverage you'll need. Depending on your business, you might also require other types of commercial coverage, such workers’ compensation insurance in Maryland, if you have employees. That’s why it’s important to work with an experienced insurance agency, so you can be confident that you’re choosing the right policy.