What Does General Liability Insurance Cover?

General Liability Insurance protects your LLC if someone gets injured on your business property. It also covers damages or injuries caused by you or your employees. You can expect a typical policy to cover:

  • Body Injury
  • Property Damage
  • Personal Liabilities (libel, slander, copyright infringement, Invasion of property and privacy, wrongful eviction, false arrest)
  • Advertising Liabilities Injury (losses by your advertising)
  • Legal Defense and Judgment

Note: If your LLC offers a professional service such as accounting, legal advice, web design, carpentry, etc. you may also need professional liability insurance. This protects your business against malpractice claims and other accidents.

Should I Get General Liability Insurance?

If you are a property owner or have valuable business assets, General Liability Coverage is a good investment for your small business. Annual premiums range from $750 to $5,000, depending on your line of business and your coverage needs. This is a small price to pay for peace of mind. The alternative is to risk paying hundreds of thousands of dollars in legal claims and attorney fees in the case of an accident.

Ready to purchase an insurance policy? Get an instant quote from Hiscox, our recommended insurance provider: