General Liability Insurance in Woodstock, GA
General liability insurance is one of the most essential policies for any business.
It may provide financial support in case of common risks that could otherwise result in costly legal and economic consequences.
What is General Liability Insurance?
It is a policy that may financially protect businesses after claims of third-party bodily injury, property damage and other common legal issues. It may cover expenses associated with lawsuits, medical bills or damage that may arise from accidents or mistakes during business operations. This type of insurance is often a foundational coverage for businesses.
Who Needs General Liability Insurance?
Almost all businesses need general liability insurance, regardless of size or industry. If your business interacts with clients, customers or vendors, you’re at risk of accidents, even if they’re unintentional. Although it’s not legally mandated, many clients and contracts may require this policy.
What Does My Policy Cover?
Insurance policies have varying coverages, typically customized to the policyholders’ needs. However, most basic policies include coverage for the following:
- Bodily injury liability may pay medical bills for injuries sustained by a third party on your business premises or as a result of your business activities.
- Property damage liability may cover damage to a client or third party’s property caused by your business.
- Advertising injuries coverage may cover legal costs if your business is sued for defamation, copyright infringement or misleading advertisements.
How Much for Coverage?
Several factors influence the cost of your insurance. Insurers often consider the following criteria when calculating your premium:
- Industry
- Location
- Number of employees
- Revenue
- Types of coverage
Learn More
To find out more about general liability insurance, contact Kris D Rogers & Associates today. Let’s discuss your needs and find optimal and proper coverage for your business.