The general liability or business liability insurance policy is the type of coverage that offers a wide range of protection against the issues caused by the business operations. The contractor or owners of the small business highly needs general liability insurance to safeguard their life. For more information about the business liability insurance click here.
- Bodily injury and covers property damage – It covers the incidents that resulted in bodily injury during the business operation. The general liability insurance policy includes slipping and falling of the customer on the premises or any accidental injury. It also covers all the damages of the property of third party that is caused due to your business operation.
- Personal injury – Besides physical injuries, some are caused due to verbal communication. The general liability insurance policies also cover all those harm. It includes slander, copyright infringement, libel and malicious mischief.
- Medical payment – The general liability insurance policies covers non- employee’s medical payments and also expenses related to funeral that is due to your business. The coverage of the payments depends upon the selected limits by you.
- Product operations and completion – It includes protection for the product operations and the completion exposures. If your product causes injuries or illness to customer, the general liability insurance policies protect you from this. It also provides protection against bad work or services performed by the business and for applying this, the completion of the project is important.
- Damage to rented property – It includes protection for any damage to rented land or structure. For this, the business should be legally liable for the harm to apply protection. Example – if a restaurant rents a land that catches the fire because of negligence of staff, the general liability insurance policy will cover the loss and injury caused by the fire.