How to Choose the Right General Liability Insurance for Your Business

General liability is an essential financial tool for businesses of all sizes across all industries. This coverage may help protect your business from unexpected costs of injuries on your property, damage to someone else’s property due to your business operations, as well as claims from slander, libel, or false advertising.

Who Should Carry General Liability Insurance?

Most businesses can benefit from having liability insurance, especially if operations involve interactions with clients, customers, and other third parties. Furthermore, many industries and client contracts require general liability insurance. For example, many construction companies and consultants often need proof of insurance for contracts with clients.

Choosing the Right General Liability Coverage

Consider the following when determining what general liability coverage is best for your business:

• Assess your risks. Consider how much interaction with customers or clients your business has, and the potential your products and services have to cause harm to others.
• Know what’s covered and what isn’t. General liability policies can often be tailored to the needs of your business, but make sure you understand the coverage limits and exclusions.
• Check coverage for your industry. Some insurers offer industry-specific coverage, such as construction, retail and hospitality, and consulting services. You may also need additional policies to address specific and unique risks, such as cyber threats. Consult your insurance provider to determine what coverage best suits your business.
• Review your business contracts. Because many vendors, landlords and clients require proof of general liability insurance and specific coverage limits, make sure your policy fits the requirements.

Contact Us

The right general liability insurance policy can help your business maintain financial stability and security after covered events. The professionals at Global Insurance Agency in Houston, TX can help you review your business’s unique risks and help you find the right policy for your needs and budget. Contact us today for a quote or more information.

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.