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What Does General Liability Insurance Cover?

As a business owner, it’s important to understand the risks you face every day. From slips and falls to property damage, accidents can happen at any time, leaving you vulnerable to significant financial losses. That’s why it’s crucial to have general liability insurance coverage in place.

General liability insurance provides protection for your business in the event of bodily injury or property damage claims made by third parties. It also covers legal fees and other expenses related to defending such claims.

Here at Tradesman Saver, we offer tailored policies, including public liability insurance, to meet the needs of small businesses and tradespeople. Our cover includes protection for legal costs, medical expenses, compensation awards, along with much more.

Key Takeaways

  • General liability insurance provides protection for your business against bodily injury or property damage claims made by third parties.
  • Legal fees and other expenses related to defending such claims are also covered.

Types of Coverage for General Liability Insurance

There are several types of coverage included in a general liability insurance policy. Each type of coverage is designed to protect your business from different types of risks and liabilities.

General Liability Coverage

General liability coverage protects your business from third-party claims of bodily injury, property damage, and advertising injury. This type of coverage also provides protection against lawsuits and legal fees related to covered claims.

Product Liability Coverage

Product liability coverage protects your business from third-party claims related to products you manufacture or sell. This type of coverage provides protection against claims of bodily injury or property damage caused by your products.

Comprehensive General Liability Insurance Coverage Explained

Comprehensive general liability insurance coverage is a type of insurance that provides broad protection for your business against a variety of risks. It covers bodily injury, property damage, and personal and advertising injury claims that your business may face from third parties.

Comprehensive general liability insurance coverage provides protection for your business against a range of potential risks that could otherwise be financially devastating. For instance, if a customer experiences an injury on your business premises, this policy can provide the necessary coverage to settle the claim. It can also cover legal fees and any legal settlements that may arise out of any legal action taken against you or your business.

Benefits of Comprehensive General Liability InsuranceCoverage
Protection against bodily injury claimsProvides coverage for accidents, injuries, and medical costs arising from physical harm caused to a third party.
Protection against property damage claimsProvides coverage for repairs, replacement, or compensation arising from damage to a third party’s property.
Protection against personal and advertising injury claimsProvides coverage for libel, slander, copyright infringement, and other claims arising from damage to a third party’s reputation.

 

It is important to note that comprehensive general liability insurance coverage does not cover all types of risks. It is essential to review all exclusions and limitations in your policy carefully. Some of the common exclusions include injuries to employees and intentional damages caused by the business.

At Tradesman Saver, we offer comprehensive general liability insurance coverage that provides broad protection for your business. Our experienced team can help you understand the coverage options available and assist you in choosing the right policy for your business needs.

The Importance of General Liability Insurance for Small Businesses

As a small business owner, it can be tempting to cut corners and skimp on insurance coverage, especially if you’re working with a tight budget. However, in today’s litigious society, a single lawsuit or accident could spell financial ruin for your company if you’re not properly covered.

That’s where general liability insurance comes in. A comprehensive general liability insurance policy protects your business from a variety of risks and liabilities that could arise in the course of doing business.

What does general liability insurance cover?
General liability insurance typically covers:
  • Bodily injury
  • Property damage
  • Personal injury (including libel and slander)

 

Without general liability insurance coverage, you could be held personally responsible for any damages or injuries caused by your business, which could result in high legal and medical bills that could financially ruin your business, and even your personal finances.

At Tradesman Saver, we understand the challenges faced by small businesses, and that’s why we offer comprehensive general liability insurance policies tailored to your unique business needs. With our coverage, you can rest assured that your business is protected from a wide range of risks and liabilities, giving you the peace of mind to focus on growing your business.

Understanding General Liability Insurance Exclusions

While general liability insurance can offer comprehensive coverage for your business, it’s important to understand that there are exclusions to this coverage. Exclusions are specific situations or events that a policy does not cover.

It’s vital to be aware of these exclusions to ensure that you are fully protected in all areas of your business. Here are some of the most common exclusions you may come across in a general liability insurance policy:

Exclusion TypeDescription
Professional ServicesAny claims resulting from advice or services provided by a professional in your business, such as a doctor or lawyer, are excluded from general liability coverage.
Intentional ActsAny harm caused intentionally by you or your employees is not covered under general liability insurance.
Property DamageDamage caused to property that belongs to you or is in your care, custody or control is not covered under general liability insurance.
Employee InjuriesInjuries suffered by employees while on the job are typically excluded from general liability insurance. This type of coverage is usually provided by employers liability insurance.

 

It’s important to note that these exclusions can vary depending on the insurer and the specific policy. Therefore, it is recommended to carefully review your policy and clarify any exclusions with your insurance broker or provider.

At Tradesman Saver, we strive to offer comprehensive general liability insurance coverage for small businesses in the UK. Our policies are tailored to meet the unique needs of your business while providing peace of mind knowing you are fully protected.

General Liability Insurance vs. Other Types of Insurance

While general liability insurance covers a broad range of incidents that can lead to financial losses, it is not the only type of insurance your business may need. Understanding the differences between general liability insurance and other types of insurance can help you determine which policies are necessary to protect your business.

General Liability Insurance

As we’ve discussed, general liability insurance is essential for protecting your business against claims of bodily injury, property damage, and advertising injury. It can also cover legal expenses associated with defending claims against your business.

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, covers claims of negligence or failure to provide adequate professional services or advice. This type of insurance is particularly relevant for businesses that provide expertise or advice, such as consultants, accountants, and architects.

Product Liability Insurance

Product liability insurance provides coverage for claims related to damages or injuries caused by products your business manufactures, distributes, or sells. It’s especially important for businesses that deal with physical products, such as manufacturers, wholesalers, and retailers.

Commercial Property Insurance

Commercial property insurance protects your business’s physical assets, including buildings, equipment, and inventory, against damage or loss due to fire, theft, or other covered incidents. This insurance is crucial for businesses that rely heavily on equipment or have a physical location.

While these are just a few examples of the different types of insurance policies available, it’s important to note that your business may require additional coverage depending on its unique needs. At Tradesman Saver, we can help you assess your business’s risks and recommend appropriate coverage to keep your business protected.

For General & Public Liability Insurance Policies in the UK, Make Sure it’s Tradesman Saver

At Tradesman Saver, we pride ourselves on providing comprehensive general liability insurance coverage for a wide range of businesses, from tradesmen to retail shops, professionals, and more. Our policies are tailored to meet the unique needs of each business, ensuring that they are adequately protected from costly legal and financial liabilities.

Our team of experts works with you to assess your business’s risks and provide you with customised coverage that covers the specific needs of your business. We believe that your peace of mind is essential, and we strive to provide you with the assurance that your business is protected no matter what risks it may face.

So, if you are looking for reliable and comprehensive general liability insurance coverage for your business, look no further than Tradesman Saver. Contact us today to request a quote and get started on protecting your business from potential risks.

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