What is business liability insurance?
A general liability insurance policy — also known as business liability insurance — protects businesses from claims that result from normal business operations. Business liability insurance policy for protection from bodily injuries, medical payments, advertising injuries, and more. GEICO can help small business owners and contractors get the coverage they need with a general liability…
A general liability insurance policy — also known as business liability insurance — protects businesses from claims that result from normal business operations. Business liability insurance policy for protection from bodily injuries, medical payments, advertising injuries, and more.
GEICO can help small business owners and contractors get the coverage they need with a general liability insurance quote.
What does general liability insurance cover?
This liability insurance protects your small business from claims that occur during your normal business operations, such as:
- Property damage
- Physical injury
- Defense costs
- Personal and advertising injury
How much does general liability insurance cost?
The cost of general liability insurance is based on your specific business needs. Your business is unique, and so are the risks. Factors that influence the cost include:
- Type of work
- Location
- Number of employees
GEICO can help you get an insurance policy with the right coverage at a great price. Start your general liability insurance quote now.
Common terms to know when shopping for liability insurance.
Property Damage
Protects you from claims costs if you damage someone else’s property.
Medical Payments
Payments for accidents that occur on your premises or because of your operations, such as a customer slipping on a wet floor. This is regardless of who is at fault.
Personal & Advertising Injury
If you’re sued for libel and slander, this could provide coverage for those claims.
Who needs liability insurance coverage?
Each business is different, so make sure you’re covered for your needs. Examples of businesses that use general liability insurance are:
- Artisan contractors
- Small business owners
- Landscaping companies
- IT contractors
- Real estate agents
- Consulting
- Marketing
- Janitorial services
- And more
Check out our insurance for small business page to learn about small business coverages. If you still need guidance on whether general liability insurance is right for you, we’re here to help. Contact our licensed agents with any of your concerns or questions.
Should you get general liability insurance for your LLC?
While an LLC provides some protection from personal liability for members, the protection is not absolute and your business can still be sued. General liability insurance for your LLC helps protect your small business from the consequences of third-party claims for injury or property damage.
Does your company need a different type of liability insurance coverage?
Being properly insured is the best way to protect your company. We’re here to help. A few examples of companies that may be better suited to our other business insurance products
- Your company provides professional services (e.g., education and training)
- You rent or own a storefront
- You use vehicles to transport goods, yourself, or employees
