What Kind Of Lawsuits Can General Liability Insurance Cover?

​A general liability insurance policy, often known as business liability insurance, and a commercial general liability insurance policy are the same thing. Both policies offer similar services that you can customize to your company's requirements. 

The law does not mandate business owners to get business insurance. Moreover, it's a necessary coverage that will help your company succeed in the future. It should protect you if something tragic transpires to you, your company, or your workers. The specific claims for which insurance provides coverage vary. Below are some instances of different suits.

Categories of Suits
General liability insurance covers a company from various potential claims. Property damage, physical harm, copyright infringement, advertising damages, and reputational harm are among them.

1. Property Damage
   A prevalent liability claim is property damage. If a person's property is harmed while visiting your establishment, your company may be legally liable. Property damage claims may also involve the destruction of a client's house or different properties while on business.
   
   
2. Physical Harm
   These are claims commonly involving physical harm caused by a business. For example, general liability coverage will pay their medical expenses if someone is hurt at your business. A simple fall by a consumer at a business or workplace might result in a bodily injury lawsuit.
   
   
3. Copyright Infringement
   Copyright infringement allegations arise when you’ve been accused of copying someone else's work without their consent in your company campaign or other commercial marketing.
   
   
4. Advertising Damages
   Advertising harm can occur if your firm slanders another person, corporation, or business owner.
   
   
5. Reputational Harm
   You may suffer reputational injury if you say something negative about another corporation in a press interview.

What Business Liability Insurance Does NOT Cover
A company's general insurance policy will cover many things, but it doesn't cover everything. Various forms of company insurance are required for certain types of liability claims, including:

• Commercial Auto Insurance
• Workers Compensation Insurance
• Commercial Property Insurance
• Errors and Omissions Insurance (E&O)

Conclusion
Without general liability insurance, facing judgments, legal settlements, and lawyer costs may be exceedingly costly and possibly bankrupt a corporation.

At McClain Matthews Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (317) 298-7500. You can also request a free quote by CLICKING HERE. The coverage discussed in this article is not guaranteed. Please call our agents, we are happy to help you learn more about your plan and make sure you have the coverage you need.