What Is General Liability Insurance And Why Do I need It?

General Liability Insurance is a crucial coverage for any business, large or small. It provides financial protection against third-party claims of bodily injury or property damage, and covers the costs of defending against lawsuits and settlements.

Admitted Carrier

General Liability Insurance, also known as Commercial General Liability (CGL) insurance, is a type of insurance that provides financial protection for businesses against third-party claims of bodily injury or property damage. It covers the costs of defending against lawsuits and any settlements or judgments resulting from such claims.

General Liability Insurance is typically required for businesses that have a physical location or that interact with customers or clients in person. It covers claims arising from a variety of situations, such as slips and falls on a business's property, damage to third-party property, and injuries caused by the business's products or services.

This type of insurance protects the policyholder from financial loss due to legal liabilities, it's not only covering the legal fees but also medical expenses, cost of repairing damages, etc.

It's important to note that General Liability Insurance does not cover claims arising from professional services, errors, or omissions, these are covered by a specific insurance called Professional Liability Insurance (also known as Errors and Omissions Insurance).

In short, General Liability Insurance is an essential coverage for small and large businesses as it helps to protect them against financial loss due to third-party claims.

Stephan "Steveo" Stewart

CEO and Co-founder

Horizon Insurance, LLC