General Liability

What is General Liability?

Liability insurance (also known as Commercial General Business Liability) protects a company’s assets and pays for obligations – medical costs, for example –incurred if someone gets hurt on your property or when there are property damages or injuries caused by you or your employees. General Liability may be combined with Business Property protection and extended coverage, such as suspended business operations, loss of key employees and risk coming about because of substantial harm or property harm to others.

Why do I need General Liability Insurance?

In today’s litigious society, even little slip-ups can bring about large claims. That is the reason general risk protection, alongside property scope, is fundamental for business organizations. Risk protection ensures the benefits of a business when it is sued for something it did (or didn’t do) to bring about a harm or property harm. General Business Liability is a key element for independent ventures to protect their assets.  Speak with a Smith Insurance agent for assistance in selecting the coverage that best suit your needs.