General Liability Insurance

All businesses—even those with the best-run operations—can benefit from the protection of a general liability insurance policy. This essential coverage may protect your business from the financial consequences if your company’s operations, services or employees are liable for property damage, bodily injury, or personal and advertising injury.

Area Insurance Services may help protect your business from the financial repercussions of such an incident with the appropriate general liability coverage.

What Is General Liability Insurance?

A general liability insurance policy, also known as a commercial general liability (CGL) policy, is a type of insurance policy that helps businesses protect themselves against various liabilities.

A general liability insurance policy may help pay for lawsuits and accidents related to nonprofessional negligent acts. It may take just one lawsuit or accident to damage your business’s reputation and potentially cause financial difficulties, so this is critical coverage for businesses of all sizes.

General liability insurance typically includes these protections:

·        Property damage may cover physical damage or the loss of use to others’ property.

·        Personal and advertising injury may cover personal and advertising injuries such as libel, slander, copyright infringement and invasion of privacy. 

·        Bodily injury may cover medical expenses, loss of services and legal fees related to a third-party injury on your business’s property. 

CGL policies may also help cover the costs of judgments or settlements with a customer or a client’s lawsuit following a liability claim or the defense costs of lawsuits related to such claims. Every policy is different, and you may have additional coverages under your policy. Work with an Area Insurance Services agent to learn more about your policy.

How Much General Liability Insurance Coverage Do I Need?

The amount of general liability insurance your business may need depends on various factors, including your business’s size and its likelihood of being sued. So, for instance, if you’re a small business, your coverage needs may differ from those of a larger company. We can help ensure you have a suitable amount of coverage to give your business financial protection if an unfortunate incident happens.

How Much Is a General Liability Policy?

The cost of a general liability policy may vary depending on the business. Factors such as your chosen insurance coverages, company size, industry and location may affect your policy cost. We can help you with a reasonable policy for your particular business.

What Does General Liability Insurance Not Cover?

General liability insurance policies have numerous exclusions, which may vary by insurer. General liability coverage generally doesn’t protect against intentional damage; however, we can discuss other items that we exclude, so you know what your policy may or may not insure.

Protection Your Business Deserves

Operating a business and risk go hand-in-hand. It’s critical to ensure you have the business protection you need—if you may need it. For more than 30 years, Area Insurance Services has served the Midland/Odessa area of West Texas. Call 432-570-4373 to get a no-obligation quote on this essential business protection.