General Liability Insurance For Business: Protect Your Assets

What Is General Liability Insurance?

General liability insurance, also known as commercial general liability insurance (CGL), safeguards your business from claims related to bodily injuries, property damage, and other liabilities. Without it, you could face significant financial burdens from legal claims.

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General Liability Insurance Coverage Details

There are three basic coverage areas that comprise a General Liability policy:

What Does General Liability Insurance Cover?
This insurance shields your business from various claims, including bodily injury, property damage, reputational harm, advertising injury, and damage to rented property. It’s crucial for protecting your business interests.

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Commercial General Liability Insurance Cost Considerations

How Much Does General Liability Insurance Cost?
The cost varies depending on factors such as business type, revenue, number of employees, and location. To get an accurate estimate, request a personalized quote from us today.

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Who Needs General Liability Insurance?

Determining the Necessity for Your Business
Businesses across various industries require general liability insurance to mitigate risks, especially if they have Products or Completed Operations exposure.

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Tailored General Liability Insurance Solutions

Get a General Liability Insurance Quote
At Risk Specialty Group, we understand the diverse needs of small businesses. Our experienced team can provide customized general liability insurance quotes designed to meet the unique requirements of your business, providing protection against potential risks and liabilities.

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Start Protecting Your Business Today

Why Choose Risk Specialty Group?
With over 150 years of combined experience, we specialize in helping small business owners like you secure the right insurance coverage. From general liability insurance to commercial property and auto insurance, we’ve got you covered.

Explore Our Professional Insurance Offerings

Professional Liability Insurance

Workers Compensation

Property

Automobile

Umbrella

Inland Marine (Equipment)

Pollution Liability

Crime

Bonds / Surety

Drones

Cyber Liability and Network Security

Directors & Officers (D&O)

Employment Practices Liability (EPL)

Fiduciary Liability

Kidnap & Ransom

FAQs About General Liability Insurance:

What is general liability insurance?

General liability insurance protects businesses from claims of bodily injury, property damage, and advertising injury. It’s essential for safeguarding your business’s financial interests against unforeseen liabilities.

Why do businesses need general liability insurance?

Businesses require general liability insurance to mitigate risks associated with potential lawsuits and claims. It provides financial protection for legal expenses and settlements arising from accidents or injuries on your premises. It is also often required by landlords and or client agreements.

How does general liability insurance benefit my business?

General liability insurance provides peace of mind by covering legal expenses, medical costs, and damages resulting from accidents or injuries involving your business. It ensures your financial stability amidst unforeseen liabilities and is oftentimes required by landlords or client agreements.

Can I get a general liability insurance quote online?

Yes, you can start the process of obtaining a general liability insurance quote online through our website. Provide your business details, and our team will provide a personalized quote tailored to your specific needs.

What factors determine the cost of general liability insurance?

The cost of general liability insurance depends on factors such as business type, revenue, number of employees, and location. Higher-risk businesses may incur higher premiums due to increased liability exposure.

Is general liability insurance necessary for all businesses?

While general liability insurance may not be required by law for some businesses, it is beneficial for all businesses, regardless of size or industry. It protects against common risks, such as slip-and-fall accidents, property damage, and product liability claims.

What does commercial general liability insurance cover?

Commercial general liability insurance covers claims arising from bodily injury, property damage, advertising injury, and legal defense costs.

Can general liability insurance protect my business from lawsuits?

While general liability insurance won’t keep you from being named in a lawsuit, it definitely helps by covering legal expenses, settlements, and judgments arising from covered incidents. It acts as a financial safety net.

How quickly can I obtain general liability insurance coverage?

The timeline for obtaining general liability insurance coverage varies based on your type of business. However, our team works efficiently to provide timely quotes within 1 to 5 business days depending on your type of business and insurance claims history.

Do I need additional insurance coverage besides general liability insurance?

Depending on your business’s nature, you may require additional insurance coverage such as Property insurance, Professional Liability (E&O), Workers’ compensation or Business Auto insurance. Our experts can help assess your needs and provide coverage solutions.

Secure Your Business Today

Don’t leave your business vulnerable to unforeseen risks. Contact Risk Specialty Group for personalized general liability insurance solutions tailored to your business requirements. Get started with a free quote today!

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Custom Insurance & Risk Management at a Competitive Price

Many businesses view their insurance agent as a “vendor”. That is not us. We are a “guide” in helping you navigate the complex world of insurance and risk management.

We have 3 ways you can get started with us, click below on the option you feel best fits your needs:

General Liability Insurance