WEDNESDAY, SEPTEMBER 23, 2020
When you start a business, you must be prepared for anything. One accident or claim can put a new business in troubled waters. One of the ways a business can protect itself is with a reliable business insurance policy. These policies should come with general liability insurance. 
General liability covers three sections:
This insurance provides compensation for claims involving bodily injury, property damage and more that occur on the business’ property. It can cover a customer’s medical bills after injury as well as the business’ legal expenses in case of a lawsuit.
So, what kind of accident is covered under general liability?
Slips and Falls
One of the most common general liability claims, especially in businesses like restaurants, are slips and falls. A client trips on a slippery floor, falls and is injured as a result. For their medical expenses related to the injury, they may sue the business. General liability insurance will step in to cover their medical costs and offer compensation for legal expenses the business may face, such as defense and settlement costs.
Ruined Belongings
Say you run a restaurant, and one day your server trips and accidentally spills red wine on a customer’s expensive purse. Furious, the customer demands compensation. General liability insurance may step in to help the business with expenses related to this accident.
Copyright Infringement or Advertisement Theft
Personal and advertising injuries are different, in that nothing physical has to happen to the injured party in order for there to be a claim. Instead, personal and advertising injury covers incidents regarding:
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Wrongful eviction
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Malicious prosecution
Say you start up a retail business and hire a new advertising expert to create a new advertisement for billboards and a magazine spread. A competitor, who your new advertising expert used to work for, accuses your business of stealing their advertising idea because it has close similarities. General liability insurance can cover this.
Landlord Property Damage
Many businesses rent or lease their property from a landlord. Although damages to the property can be covered by a landlord’s business property insurance, they will likely seek compensation from you, the business owner. For example, if a fire breaks out in your restaurant’s kitchen and damages the walls and roof, the landlord can seek compensation for repairs.
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