General Liability Insurance in Lawrenceville, GA
General liability insurance is a crucial component of a solid risk management strategy. This coverage is designed to address third-party incidents that may occur at your business location, at a client’s site or as a result of your business activities.
Why Is General Liability Important?
Unexpected accidents or allegations can happen at any time. General liability insurance helps support your business in handling these situations without significant financial strain. Many landlords, clients and partners may also require this coverage before doing business with you.
What Do Policies Cover?
General liability insurance policies may offer coverage for the following situations:
- Bodily injury claims, if another person is hurt on your premises or as a result of your operations
- Property damage claims, if you or your employees accidentally damage someone else’s property
- Personal and advertising injury, such as claims of libel, slander or copyright infringement
- Legal defense costs and settlements related to covered claims
While general liability insurance can offer financial protection for many business risks, certain situations and types of claims are typically not covered. Common exclusions include professional errors or advice, employee injuries, intentional acts, damage to your own property, auto accidents involving company vehicles, certain contractual liabilities, pollution-related incidents, cyberattacks, and product recalls. It’s essential to review your policy documents and discuss the specific limitations of your coverage with your insurance provider.
Who Needs This Type of Coverage?
General liability insurance may be valuable for a wide range of businesses, including the following:
- Retail shops and restaurants
- Contractors and service providers
- Offices and professional practices
- Any business that interacts with the public or works on client property
How to Get General Liability Insurance
Our team at Paramount Insurance & Multiservice, LLC can help you assess your risks and requirements. Contact us today to learn more.