About General Liability Insurance

All businesses, regardless of industry, face risks that should be covered by insurance. The most common and comprehensive type of policy business owners invest in is general liability insurance (or CGL).

Some of the risks CGL insurance covers are:

  • Bodily injury
  • Property damage
  • Medical payments
  • Legal defense and judgment
  • Personal and advertising injury

While businesses aren't legally required to carry general liability insurance, operating without it is extremely risky. If your business is sued, you could end up facing fees totaling hundreds of thousands of dollars (or more). Having a sufficient CGL policy in place to help compensate for these damages is the only way to prevent this type of event from devastating your business.

Learn more about the risks covered by general liability insurance.


Example 1: You’ve decided to see an important VIP client before regular business hours to help accommodate her schedule. She arrives at her appointment while your cleaners are still in the building and slips on the wet lobby floor, seriously injuring herself. Your general liability insurance will likely cover her medical bills and your legal fees if there is a lawsuit.

Example 2: Your loading dock door is damaged, making it necessary to receive shipments through an alternate entrance. An employee unloads the van through the front lobby but loses control of the dolly and sends it slamming into a customer. The customer is seriously injured and threatens to take you to court. General liability insurance will likely pay for their medical expenses and any settlement payouts.

Example 3: After successfully launching a new advertising campaign for your business, you receive an influx of new clients. Unfortunately, a competitor has also seen the new television commercials and believes you’ve libeled their business. Your general liability policy will likely pay for your legal fees and any damages if you settle the claim out of court.

Of course, this is not an exhaustive list of perils a general liability insurance policy will cover, and some conditions may result in a particular peril not being covered. It's always best to talk to your agent in-depth about the specifics of your policy to avoid blind spots in coverage.

Cost Of General Liability Insurance

On average, professional meditation businesses in America spend between $350 - $750 per year for $1 million in general liability coverage.

Check out the chart below for a snapshot of average CGL expenditure across a variety of industries:

Graph showing average price of general liability insurance prices per industry

Several factors will determine the price of your policy. These include your:

  • Location
  • Deductible
  • Number of employees
  • Per-occurrence limit
  • General aggregate limit

You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner's policy (BOP) rather than as a standalone policy. A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.

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Other Types Of Coverage Professional Meditation Businesses Need

While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some other types of insurance all professional meditation businesses should obtain:

Workers’ Compensation Insurance

Most states require any business with part-time or full-time employees to carry workers’ compensation insurance. This coverage will help to cover an employee’s medical bills if they are injured at work or become ill following a work-related accident. Additionally, if they are unable to return to work, they may be eligible to receive disability benefits.

Professional Liability Insurance

If a client believes that your advice has resulted in an injury or other issues, they may seek damages. In this case, professional liability insurance will pay for your legal fees and, any settlement payments.

Types Of Coverage Some Professional Meditation Businesses May Need

In addition to the policies outlined above, there are a few other types of coverage your professional meditation business may require depending on certain aspects of your operations. Some of these might not apply to you, so be sure to ask your agent which policies are right for your business.

Commercial Property Insurance

To create a tranquil and welcoming atmosphere at your office, you’ve probably invested a great deal of time and money into your equipment, furniture, and other tools of the trade. If any of these items are damaged or destroyed in a fire or other disaster, it’s likely that it would be very costly to replace them out-of-pocket. Commercial property insurance will cover the cost to replace or repair these items.

Data Breach Insurance

Offering a rewards program for your returning clients is a great way to thank them for their loyalty. But to do so, you must keep some of their important personal and financial information on file. If your computer system is ever breached by cyber attackers, this insurance policy will help to protect your business from potential lawsuits.

Additional Steps To Protect Your Business

Although it's easy (and essential) to invest in business insurance, it should not be your frontline defense. Yes, insurance will compensate for your business' financial losses after an incident occurs, but it's much better to avoid losses altogether.

With this in mind, here are three things you can do to better protect your business:

  • Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
  • Set up a limited liability company (LLC) to protect your personal assets. (Refer to our guide for step-by-step instructions on how to form an LLC in your state.)
  • Streamline your business' internal processes. This will remove unnecessary variables from common tasks and create a safe, consistent environment for conducting business.