What is General Liability Insurance?
General Liability Insurance (GLI) is a type of insurance coverage that protects businesses from financial losses arising from third-party claims of bodily injury, property damage, and personal or advertising injury.
It covers costs associated with defending against lawsuits, as well as any settlements or judgments. GLI is a fundamental type of insurance for many businesses, as it provides protection against common risks faced in the course of operating a business, such as slips and falls, damaged property, and product liability claims.
The coverage is not industry-specific and can be purchased by a wide range of businesses, from sole proprietorships to large corporations.
Some popular business insurance services that can set up coverage for your business include: