Commercial general liability insurance, also known as business liability insurance, covers claims that can result from normal business operations, including:
- Bodily injury to customers or clients visiting your premises. For example, a customer could slip on a wet floor and fall, injuring their back.
- Property damage, such as cabinets that your crew installed falling and damaging a client’s walls and countertops.
- Personal injury, which can include harm to another’s business or reputation resulting from libel, slander, intellectual property infringement, and other acts. For example, if a competitor accuses you of using a similar image in your logo, they may claim copyright infringement.
If a customer or client sues your business for one of these reasons, your general liability insurance policy will help pay for legal fees, settlements, and other related costs. General liability insurance can also cover the costs of repairs and medical payments to help prevent a lawsuit. For example, if a customer breaks their arm in your store, your policy may cover their medical bills. Your policy may also cover repairs to a customer’s property if you cause damage.