1. General Liability Insurance - Protect your business from hefty liability costs

2. What is General Liability Insurance? • General liability insurance helps businesses pay for any third-party injuries, property damage, unexpected lawsuits, which may result in bankruptcy.  • Commercial general liability insurance (CGLI) helps businesses from claims that happen as a result of normal business operations

3. Why do you need general liability insurance? • It can impact small business reputation positively.  • It increases client contracts. • It demonstrates responsibility. • It establishes trust.

4. How much does the costliest liability claim cost? • According to Insurance Journal, one of the costliest liability claims is customer injury or damage, which can cost your business a minimum of $30,000.   

5. What does general liability insurance cover? • Property damage • Physical injury • Advertising injury • Defense cost • Personal injury • Libel and slander

6. Some additional policies you might want to consider for your business • Commercial umbrella insurance • Product liability insurance • Liquor liability insurance • Professional liability insurance • Employment practices liability insurance • Contractual liability insurance • Event insurance

7. Common Endorsement to General Liability Insurance • Property damage  • Injury to your employee  • Error in the services your business provides  • Supplemental liability insurance 

8. Common Exclusions from General Liability Insurance • If a business intentionally causes damage, commercial liability insurance will not cover the loss.    • Professional errors   • Employees discrimination lawsuits  • Vehicles used by a business  • Employee injuries   • Damage to your business property   • Personal injury claims made by your employees  • Illegal acts done on purpose

9. Factors that Determine General Liability Insurance Cost • Location • Business exposure risk • Years in business • Your deductible