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General Liability

General Liability Insurance

Protect Your Business from Everyday Risks

Every business, regardless of industry, faces daily risks—from slip-and-fall accidents at a retail store to unintentional property damage on a job site. The unexpected can strike at any moment, potentially leading to costly legal claims. General Liability Insurance serves as a critical safety net, offering legal protection for attorney fees and settlements, building customer trust by meeting client and vendor requirements, and ensuring financial continuity so your business can recover and thrive after an incident. Without the right coverage, even a single claim could have devastating financial consequences.

What is General Liability Insurance?

General Liability (GL) Insurance is essential for businesses, safeguarding against various risks during normal operations. It helps maintain financial stability and protects against potential legal and financial issues.

Bodily Injury Protection

GL Insurance covers medical expenses, legal fees, and settlements if someone is injured due to your business activities, helping to prevent costly lawsuits.

Property Damage Coverage

GL Insurance protects against damages to others’ property caused by your business, whether from accidents or product issues, avoiding significant out-of-pocket expenses.

Personal and Advertising Injury Protection

GL Insurance also covers claims like slander, libel, copyright infringement, and wrongful eviction, protecting against the legal and financial consequences of such claims.

Customized Coverage for Various Industries

GL Insurance can be tailored to meet the specific needs of different industries, ensuring appropriate protection aligned with your business operations and risk profile.

Why Do You Need General Liability Insurance?

General liability insurance is crucial for businesses of all sizes, protecting them from unexpected incidents that could lead to lawsuits. Without GLI, even minor accidents can result in costly legal fees, medical expenses, and settlements, potentially threatening your company’s survival. By investing in GLI, you safeguard your business against financial liabilities, allowing you to operate without overwhelming burdens.

GLI also enhances your reputation as a responsible business, making it more attractive to clients and partners who value risk management. Many clients require proof of insurance before signing contracts, particularly in liability-sensitive industries.

One of GLI’s key benefits is its financial protection. Legal disputes can be expensive, and GLI covers the costs of defending your business in court, allowing you to focus on operations without the fear of financial ruin. Coverage includes incidents like bodily injury, property damage, and advertising mistakes.

Additionally, GLI ensures business continuity during lawsuits, helping to maintain revenue and reputation. Clients appreciate your ability to handle challenges effectively.

Finally, GLI boosts client confidence in a competitive market. It demonstrates that you are prepared for unforeseen circumstances, giving you a competitive edge as clients prefer businesses that can provide proof of insurance.

Why You Should Regularly Review Your Policy

When was the last time you reviewed your General Liability policy? If it’s been a while, now is the perfect time. Over time, your business may have:

  • Grown in size or revenue
  • Added new services or products
  • Hired additional employees
  • Entered new markets or signed new contracts

These changes may expose your business to new risks that your current policy doesn’t cover. Regular policy reviews ensure you’re not left vulnerable to unforeseen liabilities.

Take the First Step Toward Better Protection

Don’t leave your business’s future to chance. Contact Tooher-Ferraris Insurance Group today for a consultation and policy review. We’ll build a General Liability Insurance plan that keeps your business safe and thriving.

With a legacy of trust and expertise, we offer:

Customized Insurance Solutions: Tailored coverage to match your specific business needs.

Expert Advice: Guidance from experienced insurance professionals to help you make informed decisions.

Claims Support: Assistance throughout the claims process to ensure timely and fair resolution.

Contact Tooher-Ferraris Insurance Group to learn more about how we can protect your business with the right insurance solutions.

Frequently Asked Questions (FAQs)

GLI covers claims of bodily injury, property damage, and personal and advertising injury. It includes legal defense costs, even if the lawsuit is groundless.

While not legally required, it is highly recommended for all businesses. Some clients may require proof of GLI before working with you.

The cost varies based on factors like business size, industry, location, and coverage limits. Tooher-Ferraris Insurance Group provides customized quotes to fit your needs.

Yes, many businesses combine GLI with other policies, such as Property Insurance or a Business Owner’s Policy (BOP), for broader protection.

Consider your business’s risk exposure, client requirements, and potential claims costs. Our experts at Tooher-Ferraris can help you assess these factors.

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