general liability insurance coverage

A general liability insurance is a policy that provides you general coverage in case of bodily injuries, property loss or property damage resulting for your business activities, a policy that can cover attorney fees and medical expenses as well. Most businesses today have such a policy, so if you want to buy one for your business, too, here are some things that you need to know:

  • What is not covered – general liability insurance policies do not cover for the bodily injuries suffered by your employees during work – that aspect is covered by a different type of policy, the workers’ compensation insurance. The policy does not cover to the damage or loss suffered by the vehicles that you use in your business either – that type of damage is covered by the business auto insurance;
  • Different types of coverage for different industries – the risks that construction companies are faced with are very much different from the risks that an IT company faces, therefore insurance companies can provide you with the policy that best suits your industry segment;
  • You need to take your time to read the policy – not knowing what their policy covers for is one of the biggest and most common mistakes made by policy owners – fortunately, it is also a mistake that is easy to avoid.