Many small businesses think they don’t need general liability insurance—until a lawsuit happens. The U.S. Chamber of Commerce estimates that 36% to 53% of small businesses are sued yearly. Defending against even frivolous claims can be extensive and time-consuming.
Without general liability insurance, a single accident or legal dispute could put your company in serious financial jeopardy. Read on to learn what general liability insurance is, the types of businesses that face the greatest risks, and how you can get the best protection at the best price.
What is General Liability Insurance?
Think of general liability insurance as a safety net. It protects businesses from financial losses caused by third-party claims, including claims related to:
- Bodily injury
- Property damage
- Advertising-related disputes
Even if not legally required, having general liability insurance is a proactive step in safeguarding your company’s future. It reassures clients, vendors, and partners that you’re a credible, responsible business owner prepared for unforeseen risks.
Which Businesses Face the Greatest Risks?
Some industries are more vulnerable to liability claims than others. If your business involves customer interactions, service at client locations, or online advertising, your exposure to risk increases significantly.
Retail stores, restaurants, and cafes with high foot traffic frequently deal with slip-and-fall claims. Contractors and home service businesses risk damaging a client’s property during renovations or installations. Meanwhile, digital businesses, including marketing agencies and consultants, must navigate potential intellectual property disputes and defamation lawsuits stemming from their advertising strategies.
Do I Need General Liability Insurance?
If you’re unsure whether your business truly needs coverage, consider these critical questions:
- Do customers, vendors, or delivery personnel visit your business location? If so, you could be held liable for any injuries that occur on-site.
- Does your work involve entering clients’ homes or businesses? If an accident happens under your watch, you may be responsible for property damage.
- Do you sell products or services, either online or in person? Even seemingly minor defects or misunderstandings can result in lawsuits.
- Do you advertise your business using social media, email marketing, or traditional advertising? A single claim of copyright infringement or defamation can lead to expensive legal proceedings.
- Could your business survive the financial impact of a major lawsuit? If the answer is no, then general liability insurance isn’t just a good idea—it’s a necessity.
Secure the Right General Liability Coverage with Insured ASAP
Getting the best general liability insurance doesn’t have to break the bank. One of the most effective strategies is to compare multiple quotes before committing to a policy. Many providers also offer discounts when bundling general liability insurance with commercial property insurance or workers’ compensation coverage.
Additionally, taking proactive steps to minimize risk can help lower premiums. Implementing workplace safety measures, requiring customer waivers, and properly training employees to avoid preventable incidents all contribute to a safer business environment and reduced insurance costs.
What Sets Us Apart?
- Affordable Rates: We work with top insurance providers to offer budget-friendly policies.
- Quick Quotes: Get a fast and free quote in minutes to secure your coverage.
- Tailored Coverage: Policies customized to fit your business’s unique risks and requirements.
- Expert Guidance: Our insurance specialists help you navigate the best options to protect your business.
Get Covered Today!
General liability insurance isn’t just another business expense—it’s an investment in your company’s long-term stability. Ensuring you have the right coverage means you can focus on growth and success without the looming fear of legal threats.
Don’t leave your business vulnerable. Get a FREE quote in minutes and secure your company’s future.
