Why have General Liability Insurance?
If you run your business from a location, perform a service, make a product, advertise, or sign contracts; General Liability Insurance can help if you are sued for accidentally causing injury or damage to others in the course of conducting your business. See below to see how:
If a customer slips and falls or is somehow injured at your place of business, your policy can pay for their injuries along with legal expenses
If you're responsible for damage or injury during your work - or even after work is completed- your policy can pay for both the damages and legal expenses
If you design, manufacture or just sell a product and a defect injures someone or causes damage, your policy will pay for their injuries or damage along with the associated legal expenses
In order for you to work, customers or other businesses may require that you carry insurance and even seek to be named as an insured under your policy. Contracts you sign may also impose additional liability on your business that you wouldn't have otherwise had. Your General Liability policy may satisfy those obligations
If you advertise your business, another party could hold you responsible for causing them financial harm if they feel you have copied an advertising idea or slogan. Your General Liability Policy may provide coverage for such an offense.
Instead of being held responsible for physically injuring someone, you may be held financially responsible if you are found guilty of defaming, prosecuting, wrongfully evicting or intruding, or otherwise violating another parties rights. Your General Liability policy may pay the damages and provide your defense.