Small Business Articles

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General liability insurance is coverage that protects your business from the costs of lawsuits filed against it by customers, clients, and other third parties. Because it’s common for companies to be sued, every business should learn about general liability insurance and consider purchasing a policy.

Contractors need various types of insurance policies (workers’ compensation, commercial auto, cyber, and others) to protect their companies from business risks. This includes general liability insurance. It covers things like damage to customer property, bodily injuries to non-employees, and other so-called “exposures.”

Let’s start by answering the most important question: What is general liability insurance? Companies get financial protection from general liability insurance, meaning they can operate without fear of taking on a huge expense if they’re sued for covered incidents.

Catering insurance is a term for a group of insurance policies that are important to food service businesses. People also call it insurance for catering businesses, food service insurance, or food liability insurance. These policies protect food service businesses from many types of risk—things like employee injuries, injuries to customers and other non-employees, liability from accidents in company-owned vehicles, and more.

General liability insurance is a type of coverage that many businesses have and all companies should at least consider. It can protect your business from many different types of risk. How much does small business liability insurance cost on average? That depends on several factors, but it’s also important to consider the value of liability insurance.

Every small business faces the risk of lawsuits filed by customers or others who claim the company is responsible for damage to their property, personal injuries, or financial harm. Coverage like general liability insurance, for example, can pay for legal costs and also financial damages awarded by the court if your business is found to be liable.

Nobody needs to tell you: Operating any type of business involves risk. There’s just no way to completely eliminate it. Fortunately, there is small business insurance that can protect you from the financial impact of those risks. Two of the many types of coverage available are professional liability insurance (also called errors and omissions or E&O insurance) and general liability insurance. But when it comes to general vs professional liability insurance, it can be difficult to know which type of coverage you need.

A business owners policy (or BOP) and a general liability policy have many things in common. For example, they both provide protection from financial liability for many types of incidents. This includes accidental damage to customer property and injury to non-employees on the policyholder’s property.