General Liability Insurance in Raleigh & Garner, NC
The right general liability insurance policy can help provide financial protection for common claims your business would otherwise have to pay for out of pocket. Contact ACF Insurance Services in Raleigh & Garner, NC, for more information on coverage.
What Is General Liability Insurance?
A general liability insurance policy is a contract between you and your insurance company. In exchange for your premiums, your insurer agrees to pay for covered losses in accordance with your policy and up to its limits. This coverage may also be called commercial general liability insurance or business liability insurance.
Who Needs This Insurance?
General liability insurance isn’t typically required by law; however, certain clients and customers may require it, or it may be necessary as part of licensing requirements. Your landlord may also require it as a condition of your lease. Even if this insurance isn’t required, it’s highly recommended for all businesses to help protect against common and costly claims arising from third-party bodily injury or property damage.
Don’t leave your business unprotected. Contact ACF Insurance Services to get the your coverage you need.
What Does General Liability Insurance Cover?
A standard general liability insurance policy may help pay for third-party injuries or property damage for which your business is responsible. Examples of common coverages include the following:
- Property damage liability coverage can help pay for repairs or replacements if your business is responsible for causing property damage to third parties.
- Bodily injury liability coverage can help cover expenses arising from claims that your business is responsible for bodily injuries to third parties.
- Medical payments coverage can help pay for medical bills if a third party requires medical attention after an injury stemming from your business operations or on your business premises.
- Personal and advertising injury liability coverage can help cover legal fees stemming from allegations that your business caused personal injury (e.g., slander and defamation), used stolen advertising ideas or published false or misleading statements.
Do I Need General Liability Insurance if I Work From Home?
A standard homeowners insurance policy generally won’t cover losses associated with your home-based business (e.g., a customer falls and is injured at your house). Without this insurance you could have to pay for third-party bodily injuries or property damage out of pocket. For this reason, this insurance is crucial even if your business is based out of your home.