General Liability Insurance

Almost every business faces risks and exposures arising from allegations that it caused third-party harm (e.g., bodily injury, property damage). Without proper insurance coverage, these claims could result in costly losses and potentially bankrupt your business. A commercial general liability policy, also known as business liability insurance, can help protect your business from financial harm. 

We’re here to help. Contact Gene Smith Insurance Agency to learn more about general liability insurance coverage and to speak to an insurance agent today. 

What Is General Liability Insurance? 

Few businesses have the resources to pay for costly liability claims out of pocket. Your general liability insurance is an agreement between you and your insurance company to protect your business assets if you are accused of “general” claims arising from the type of work you do and where your business does it.    

What Does General Liability Insurance Cover? 

General liability insurance can pay for losses associated with third-party harm arising from your products, services or operations. Here are some common coverages in a commercial general liability policy.  

• Bodily injury can pay for costs (e.g., medical expenses, legal fees, lost wages) arising from claims that your business caused bodily harm to a third party. 
• Property damage may pay to replace or repair damages to third-party property that occurred during the scope of your services.
• Completed operations liability may help pay for damages stemming from completed work (e.g., wiring installed by your company at a client’s building causes a fire).
• Personal and advertising injury can pay for legal fees stemming from allegations of personal injury (e.g., defamation, slander) or claims that your business stole advertising ideas or published misleading information.  

If you own a small- or mid-sized business, you may qualify for a business owner’s policy (BOP), which allows you to bundle multiple types of liability insurance (e.g., commercial auto, commercial umbrella) at a discounted price. 

Contact Gene Smith Insurance Agency to see if your business qualifies for a BOP today and for a free general liability insurance quote. 

Is General Liability Insurance Required? 

General liability insurance is not usually required by law, but some states require general liability insurance as part of their licensing stipulations for certain contractors or developers. Additionally, some building lessors require it as a requisite for signing an office or warehouse space lease.  

Ask us about the requirements for your business. Call Gene Smith Insurance Agency to learn more about our commercial general liability insurance coverage.  

Getting General Liability Insurance 

Finding the right general liability insurance policy for your business may seem challenging. That’s why we’re here. At Gene Smith Insurance Agency, we take pride in finding our customers the right policies at affordable prices. Contact us today to learn more about the business protection we provide.