General Liability

Introduction to General Liability

Every business can benefit from some form of general liability insurance. The main purpose of business liability insurance is to protect a company against any mistakes or errors, often providing coverage for damages or legal fees. Determining the amount of general liability coverage your business needs can save you a major headache in the case of a lawsuit caused by professional negligence.

Reading some of our buyer's guides and articles will provide you with valuable buying information and how-to's. Here are a few of our favorites:

What is general liability insurance, anyway?

You can better wrap your mind around general liability insurance by understanding how it differs from professional liability insurance. General liability insurance is intended to provide basic coverage, while professional liability insurance will offer specialized coverage that relates directly to your field or industry. Prices for this type of protective insurance policy will vary based on state and the amount of coverage purchased.

Most states will require a business to take out general liability insurance if they rent a commercial property. In some cases, this requirement may be enforced by a landlord before you are permitted to sign a lease.

A quick overview of business insurance

Purchasing business insurance can be difficult if you don't know what you're looking for or what your business needs. Business insurance can be broken down into three different categories that include property, general business liability, and liability insurance.

Most insurance agents recommend industry-specific business insurance coverage that may relate directly to your field as a nonprofit organization, manufacturer, restaurant, retail store, or even auto repair facility.

Business Insurance | Glossary of Terms

Clear up any misconceptions or miscommunications before signing up for a new business insurance policy by understanding basic business insurance terms. Business insurance paperwork may seem like Greek to you if you aren't familiar with industry phrases like fleet insurance, business interruption insurance, E&O insurance, and much more.

Check out insider business industry language in a complete glossary to improve your negotiating skills at your next insurance meeting.

Getting the best price is as easy as 1-2-3:

1. Describe your needs.
2. Get matched with sellers in your area.
3. Top sellers contact you with customized quotes!

Need $1 million worth of coverage? Or coverage specific for your lawn and garden, plumbing, or carpentry business? BuyerZone can also help connect you with suppliers who offer these customized liability solutions.