What Does General Liability Insurance Cover?

There’s a reason general liability insurance is one of the most important and most common types of commercial insurance business owners choose—it offers you protection from two of the biggest threats business owners face: property damage and bodily injury claims.

Your general liability coverage can help cover medical expenses if a client or visitor on your business property is injured, or if someone is injured when they’re working off-site. Along with the damages to their property, it can also cover damages as a result of work performed by your company.

Did you know a general liability policy can also protect you if someone speaks on behalf of your business? For example, if damages result from advertising or other statements, this coverage can come into place, including to cover the cost of an attorney who represents you in a lawsuit. Ultimately, this coverage can cover the damages when you’re found at-fault, rather than you need to liquidate your assets to cover the costs.

Rather than face going out of business or into serious debt, let general liability insurance give you the peace of mind that your business is protected if a number of different threats arise.

How Much Coverage Do I Need?

General liability insurance is not required in Utah. However, most business owners still purchase this coverage simply because of how valuable it proves to be and how much reassurance it offers them. The amount of coverage that’s right for you will depend on the unique risks your business faces and a number of other considerations. When we speak with you, we’ll get to know your distinctive business to find out what level of coverage is appropriate for your business.

With so many special needs in various industries, it’s important to have the right coverage for your business. When you work with ASA Insurance, we put our decades of experience to work for you. We can help you assess your requirements and select the types of coverage that provide the protection your specific type of business requires.

Is This the Only Coverage I Need?

It’s not unheard of for some situations to arise when general liability coverage may not be enough to protect a business. Instead, you need professional liability insurance, which can cover your business for work performed by your staff, in addition to general liability coverage.

Whether the services your business provides result in residual problems or unhappy customers, you need to be sure you can protect your business in those situations. As such, this coverage is common in fields that utilize specialized knowledge to conduct their operations, including:
 

• Medical professionals
• Construction industry
• Property managers
• Accountants
• Architects
• Management consultants
• Information technology companies

Your liability insurance policy can also protect your business from lawsuits initiated by former employees for discrimination, wrongful termination, and other claims. Some policies also include coverage for officers and directors, which protects them for decisions they make in running a business.