General Liability Insurance
You’ve worked hard to build your business; now it’s time to protect your interests and your finances.
General Liability Insurance for Business Owners
What is General Liability Insurance
General liability insurance is a type of business insurance that protects you from third-party claims involving bodily injury, property damage, and personal or advertising injury. Whether someone slips and falls at your store or a client accuses your business of negligence, this coverage helps manage the legal costs, settlements, and medical expenses that follow.
What Does Business General Liability Insurance Cover?
Businesses may be liable for injury or property damage that happens on their premises during regular business operations, and a general liability policy can cover this risk. This policy may also cover bodily injury or property damage resulting from services performed elsewhere, such as events or during transportation.
- Bodily injuries that occur on your premises to customers, employees, vendors, or visitors
- Personal injuries resulting from actions or negligence by your employees
- Property damage caused by your employees or equipment
- Advertising injury resulting from false advertising, slander, or defamation
Solutions for Any Industry
Whether you’re saving lives in the healthcare industry or feeding your community at your local
owned restaurant, we offer comprehensive solutions for any business.
FAQs About Our General Liability Insurance
What does general liability insurance cover?
General liability insurance covers bodily injury, property damage, personal injury, and advertising injury claims against your business. It helps protect your business from financial loss due to lawsuits or third-party claims.
How much does general liability insurance cost?
The cost of general liability insurance varies based on factors like business size, industry, location, and coverage limits. On average, small businesses might pay between $400 and $600 annually.
Why is general liability insurance important for small businesses?
General liability insurance is crucial for small businesses as it provides financial protection against claims of injury or damage. It helps cover legal fees, settlements, and medical expenses, safeguarding the business’s financial health.
Is general liability insurance required by law?
General liability insurance isn’t legally required in most states, but it’s often necessary for leases, contracts, or licenses. Carrying this business liability insurance helps protect you from lawsuits and costly claims, even if it’s not mandated.
What’s the difference between general liability and professional liability insurance?
General liability protects against physical risks like property damage or bodily injury. Professional liability covers claims related to errors, omissions, or negligence. Many service-based businesses choose both for more complete protection.
Can general liability insurance be bundled with other business policies?
Yes. Many business owners bundle general liability with property, workers’ comp, or cyber protection under a Business Owner’s Policy (BOP). Bundling can lower costs and provide more affordable general liability insurance coverage.
All general liability insurance products and related services are offered and sold exclusively through Simpay Insurance Solutions, LLC, its licensed agents, or its licensed insurance partners. We are licensed in all 50 states; however, certain services may not be available in all jurisdictions. While most carriers may waive premium deposits, some states require mandatory assessment fees. Certain services may be delivered through carrier partners and may include additional carrier fees. In New York, we operate as Simpay Insurance Agency.
