General Liability Insurance

Many businesses will eventually find themselves at fault for another party’s losses. Regardless of size or sector, various liability-related risks and exposures transcend industry lines and could impact any organization. If your company is responsible for third-party losses, the financial ramifications could be devastating. Fortunately, general liability insurance can provide critical support following such incidents. 

What Is General Liability Insurance? 
General liability insurance is a necessary component of most businesses’ coverage portfolios. By acquiring and maintaining an adequate general liability insurance policy, your organization may access crucial financial resources following an accident or error from which a third party, such as a customer, guest or passerby, accrues losses and damages. 

What Does General Liability Insurance Cover? 
Although the details of policies may vary, in most cases general liability insurance can help your organization pay for the following incidents: 

• Bodily injury—If your business is responsible for a third party’s injuries, this coverage can help pay their medical bills. Victims may also be compensated if the incident affects their ability to work. 

• Property damage—This coverage can provide financial assistance if your organization is responsible for damaging another party’s property and must for repair or replacement costs. 

• Personal and advertising injury—If your business is sued for personal and advertising injury, such as libel, slander, copyright infringement or false advertising, your insurance can help pay for losses and legal costs (e.g., representation, settlements, judgments). 

Who Needs General Liability Insurance? 
Most organizations should strongly consider general liability insurance. This type of coverage casts a wide safety net across many common risks and exposures most businesses face. If your business’s operations consist of the following circumstances, general liability insurance may be of particular importance: 

Get the Right Coverage 
With nearly 40 years of experience serving clients in Columbia, Greenville and throughout South Carolina, the dedicated staff at Kendall & Associates Insurance Agency is well-equipped to help your business fulfill its insurance needs. We will work with you to understand your circumstances, explore options and craft optimal policies. Contact us today to get started.