A Short Guide To General Liability Insurance

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When opening up a business, it is important to consider all the possible risks you may end up facing.  One very serious risk that many businesses run into at some point is a liability issue.  Liability issues arise when someone who visits your business, whether they are a customer, competitor, or employee, gets injured or is on the receiving end of damages of some sort and decides to sue.  What follows is usually a lengthy legal battle where you may or may not be found liable.  Regardless, you’ll be out of a lot of money.  Luckily, general liablity insurance can help.

What Is General Liability Insurance?

General liability insurance is a type of insurance coverage that can protect you and your business from liability issues across the board.  It can cover a variety of costs associated with liability issues, including medical bills, legal costs, repair/replacement costs, and more.

How Much Does General Liability Insurance Cost?

Unfortunately, it is difficult to specify a price for general liability insurance as the cost is very business-specific and is impacted by a number of factors.  Some of the factors that come into play are:

  • Your location
  • Your claim history
  • Your coverage needs
  • The size of your business

Running a business can be risky.  General liability insurance can help.