What is general liability insurance?
- General liability insurance
General liability insurance covers customer injuries, customer property damage, and related lawsuits. It’s often required for commercial leases and contracts.
When do small businesses need commercial general liability insurance?
Almost every business needs some form of general liability insurance to protect company assets and sign important contracts. Commercial general liability can help small businesses pay for unexpected lawsuits, sign deals with new clients, rent commercial space, and avoid bankruptcy.
A policy reassures clients that you'll be able to compensate them if you damage their property or injure someone with your work. Most small business owners purchase a policy shortly after starting a business. Read more about general liability insurance coverage.
Businesses that purchase a general liability policy typically:
- Have a location that is open to the public
- Interact with people on a job site
- Handle client property
- Rent business space
- Sell products to customers
- Advertise or market their services
- Use social media and have an internet presence
General liability insurance protections
How do I get a certificate of general liability insurance?
Some providers take weeks to mail a certificate of insurance. That’s a big problem for a contractor who needs immediate proof of insurance. With Insureon, you can often download a certificate on the same day that you apply for business insurance and purchase a policy.
General liability insurance cost
Several factors affect general liability insurance costs, including:
- Industry and risk factors
- Coverage limits
- Location
- Number of employees
Learn more about general liability insurance
- Is general liability insurance required by law?
- What's the process of applying for general liability insurance?
- Do independent contractors need general liability insurance?
- What is the difference between general liability and professional liability insurance?
Find more answers to frequently asked questions about general liability insurance.