Why Every Business Should Consider General Liability Insurance

A customer slips on a wet floor at your shop. A contractor accidentally damages a client’s property. A competitor claims your marketing materials infringe on copyrights. These scenarios may play out for business owners every day. Without general liability insurance, the costs of defending against or settling such claims could come directly out of your pocket.

What General Liability Insurance Covers

General liability insurance can safeguard a company’s financial foundation when third-party claims arise. It typically addresses three core areas of risk:

• Bodily injury: Medical expenses and legal costs if a customer or visitor is injured on your premises or because of your operations
• Property damage: Costs you become liable for if your business damages someone else’s property
• Personal and advertising injury: Claims tied to libel, slander, copyright infringement or invasion of privacy

Many policies also cover the legal defense costs associated with covered claims, which can add up quickly even when a lawsuit is ultimately dismissed.

Who Needs It

General liability insurance is relevant for virtually every business that interacts with customers, vendors or the public. In California, many commercial landlords require tenants to carry it as a condition of their lease. Additionally, service providers are frequently required to show proof of coverage before a client signs a contract.

Financially Protecting Your Business for the Long Term

A lawsuit, even a minor one, can consume resources that took years to build. General liability insurance can keep a manageable incident from becoming a financial crisis, so your business can keep operating and growing.

Contact Us

Contact EWD Insurance Services, Inc. today to explore coverage options tailored to your industry and the communities you serve across San Mateo, CA and beyond.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.