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December 28, 2022

What Is General Liability Insurance for Small Business

General liability insurance, also known as business liability insurance or commercial liability insurance, can provide coverage for your business over common claims with the potential for costly losses. Read on to learn what general liability insurance covers and how its costs are determined for small businesses.

Let us help. Contact Cormack-Routhier Agency, Inc. in Cranston, Rhode Island, for more information on the general liability coverage we offer.

**What Does General Liability Insurance Cover? **

A general liability insurance policy can offer financial protection for your small business if allegations are raised that your business caused bodily injury or property damage to a third party. These policies aren’t typically required by law, but some landlords may consider it a requisite to obtaining a lease as it can cover damage to their property arising out of your everyday business operations.

Here are some of the commonly included coverages in a general liability insurance policy:

  • Bodily injury**—**This policy can cover expenses (e.g., medical bills) if your business is deemed responsible for causing bodily injury to a third party. It can also provide coverage for legal fees associated with these incidents.

  • Property damage coverage**—**This policy may pay to repair or replace third-party property that’s damaged during your normal business operations.

  • Completed operations liability**—**This policy can help cover expenses if your businesses’ completed operations cause property damage or bodily injuries to a third party.

  • Personal and advertising injury**—**This policy may pay for legal expenses if your business is accused of causing personal injury to a third party (e.g., defamation, false arrest) or if your business is accused of publishing false and misleading statements or stealing advertising ideas.

Call Cormack-Routhier Agency, Inc. to speak to an insurance agent today.

**How Much Does General Liability Insurance Cost?
Every business is unique. Therefore, the cost of general liability insurance will likely vary between organizations. When determining the cost of premiums for your small business, your insurance company will consider numerous factors.

Here are some of the variables your insurance company may consider the following:

  • Business location

  • Building condition

  • Revenue

  • Number of employees

  • Industry risk

  • Policy coverage limits and deductibles
    Contact Cormack-Routhier Agency, Inc. for a general liability insurance quote today.

**How Do I Get General Liability Insurance? **

Finding the right coverage for your business takes time and effort. Let us help. Contact Cormack-Routhier Agency, Inc. to learn more about how our general liability coverage can protect your business.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

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