General Liability Insurance
General Liability Insurance Information
General Liability Insurance in Greensboro NC
Liability Coverages for Businesses Across North Carolina
Businesses across industries often have common dangers that need to be protected against. Typical accidents and lawsuits of injury and property damage can cause great distress to a business’ income, which is why commercial insurance is geared to cover these expenses.
Costas Insurance Group is a Nationwide exclusive agency dedicated to helping businesses thrive by offering high quality customer service and affordable .
What Does General Liability Insurance Cover?
General liability insurance is one of the most common types of liability insurance because it is one of the most important. Coverage under general liability insurance falls into three main categories:
- Bodily Injury
- Property Damage
- Personal and Advertising Injury
Medical Payments and Property Damage
General liability insurance can cover medical bills someone else may face if they are injured on your business’ property. For example, say someone trips and falls in your restaurant. General liability insurance can pay for expenses such as emergency services, procedures, doctor’s visits and more.
It can also cover replacement and repair costs in case someone’s property is damaged due to the course of everyday business. If someone’s expensive jewelry is broken at your indoor trampoline park, for example, this insurance can help replace or repair the damages.
Personal and Advertising Injury
Personal and advertising injury coverage covers claims against the business concerning libel, slander, malicious persecution, theft of an advertising idea, copyright infringement and other incidents. This can cover legal expenses concerning these types of claims, as well.
Another part of general liability insurance helps protect the business in case of a general liability accident. If a lawsuit is filed against your business concerning a general liability accident, this insurance can provide compensation for legal expenses such as court fees, defense costs, settlement costs and more.
Additional Liability Options
General liability insurance only covers non-professional negligent accidents. To expand your coverage, you may choose to bundle it into a business owners policy (BOP). A BOP combines general liability and commercial property insurance into a policy for small businesses. Other liability insurance you may add include:
- Professional Liability
- Umbrella Liability
- Products Liability
Get Insured Today
Speak with an insurance professional from Costas Insurance Group about protecting your business today. Call us at (336) 292-9992 or fill out an online quote form to get started.
Common General Liability Insurance Questions
How Does General Liability Insurance Work?
A general liability insurance policy is typically part of a larger business insurance policy, although it can be purchased separately. As long as the policy is active, a business can file claims for compensation after accidents of bodily injury, property damage and other covered incidents.
How Much Does General Liability Insurance Cost?
General liability insurance premiums depend on the business’ size, location, industry, coverage limits and other factors. Fill out an to find out how you can save on general liability insurance.
How Much General Liability Insurance Do I Need?
Every business’ needs are different. If your business has a long history of claims or operates in a lawsuit-heavy industry, you may need higher limits of general liability. Be sure to connect with an insurance agent to discuss your business’ risks and tailor a policy perfect for your company.
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