As a business owner, you are concerned about a lot of things, from how to stand apart in competition to how you can better manage employees, and how to solve problems of your customers through better offerings. What you generally don’t keep an eye on is getting a lawsuit against your business. Nevertheless, these things do happen and having a Commercial General Liability policy ensures that your business is financially protected against hefty damage claims made by third parties and other related expenses.

What General Liability Insurance Covers

A standard General Liability insurance policy offers protection to your business from the legal liability of paying for:

  • Personal injuries, including bodily injuries, and mental distress caused to third parties that took place on your commercial premises.
  • Damage your business operations caused to a person’s property.
  • Advertising injuries arising out of certain offenses such as slander, libel, misappropriation and copyright infringement
  • Expenses made towards legal proceedings for third-party lawsuits, including attorney's fees, court costs and settlements.

Note - Loss of enjoyment and loss of consortium due to negligent acts are also covered in personal injuries. 

General Liability Insurance for Events

General Liability insurance for events offers protection to your business from the legal liability for personal injuries or property damage caused to third parties during your event. For example- If a guest gets injured or a performer accidentally damages something that belonged to the venue. If your company hosts a lot of events, this coverage is of the utmost importance to you. Many venues even require businesses to have this insurance if they want to hold an event there.

Why Buying General Liability Insurance Makes Complete Sense

Paying for claims (whether personal injury, advertising injury or property damage) “out-of-pocket” can lead your business to serious losses. Overlooking General Liability insurance is risking your business. By having this insurance, you achieve peace of mind knowing that you are financially protected against lawsuits. This way, you can keep your complete focus on your core business operations and prevent your productivity from being hampered.

Find the Best Liability Insurance for Your Business with One West Insurance

Depending on the type of business you do its exposure, and your perceived risk your best liability insurance coverage policy would vary. Because there are so many different options available, deciding what’s right for you can be confusing. One West Insurance, as your insurance expert, makes the job easier for you and helps you determine what’s best for your business, based on your unique requirements.