General liability insurance is an insurance that businesses need in order to protect property damage and worker injuries from costing the business a small fortune. That is the basic idea of it.
To get more technical, this type of insurance is also referred to as Commercial General Business Liability. Not only does it protect a businesses assets, but it helps cover things like medical costs when a person is hurt on the property.
It also covers legal defense costs, due to injuries or property damage. It protects renters, as well, when there is a property fire or other issues. This coverage can also protect the holder against copyright infringement, slander, libel and misleading advertising.
Reasons You Should Have General Liability Insurance
If you are running a business of any type, especially out of your own home, it can be wise to have general liability insurance. In order to determine if your business needs this insurance, and what coverage you’ll need, your insurance provider will help you go over a few things.
Someone that does more physical work with a higher risk of injury will need more coverage than someone that works at a desk. Having the insurance, though, not only covers your own back, but it helps out the people that hire you as well.
If you damage someone’s computer while working on it, it may be covered under property damages on your insurance policy. Just like if you fall while putting a new roof on a client’s house.
To find out what you need, it helps to take some time to get commercial general liability insurance quotes. This way you’ll find out what coverage is best for your business, and you can take time to compare quotes as well.
Why You Want To Hire People With General Liability Insurance
One of the top reasons for hiring someone with is that it helps you know that you are getting a reputable business to do your work for you. If your contractor is backed by this insurance you know that they care about your property and their workers.
Not only does this insurance protect their workers, but if something were to happen while they are working on your property you don’t have to be worried about being sued over it.
On top of that, if your property gets damaged in any way the insurance your contractor has will cover it. From yard damages to home damages, you can feel safe while they do their work.
Insurance is created to protect people, and there are numerous types of insurance out there, from health to auto and life to liability. It helps to know what insurance you should have in your life. However, it’s also important to know the insurance the people you work with have as well.
Don’t hesitate to ask a contractor what their coverage is before hiring them. If they are a trustworthy company they’ll be happy to share that info with you so that you can feel safe and secure while they do their work on your home or business.