General Liability Insurance
Get liability insurance for your small business
What is General Liability Insurance?
General liability insurance (GL) is essential protection for your business, covering you against lawsuits and claims that could arise from your daily operations. Also known as business liability insurance, it safeguards your company from various risks, including:
- Bodily Injury and Property Damage: If someone is injured or property is damaged due to your business activities, GL insurance helps cover the costs.
- Personal and Advertising Injury: Protection against claims related to false advertising or personal injury.
- Medical Payments: Covers medical expenses if someone is injured on your business premises.
- Products and Completed Operations: Protects your business if your products or services cause harm or damage.
- Damage to Rented Premises: Covers damages to property you rent for your business.
Who Needs General Liability Insurance?
General liability insurance is highly recommended for businesses that interact with clients, advertise, or sell products. While not legally required, it is one of the most common types of business insurance because it shields you from a range of potential lawsuits and third-party claims.
Businesses that typically benefit from general liability insurance include:
- Architects
- Caterers
- Engineers
- Food Trucks
- Landscapers
- Painters
- Photographers
- Plumbers
In some cases, clients or employers might require proof of general liability insurance before allowing you to work with them. Be sure to carefully review your contracts to determine the appropriate coverage and limits.
Frequently Asked Questions About General Liability Insurance
Is General Liability Insurance Required by Law?
No, it’s not mandatory. However, without general liability coverage, you could be left paying out of pocket for costly legal and medical expenses. For example, if a client slips in your office and gets injured, you could be liable for all the medical costs and legal fees. While it’s not a legal requirement, it’s vital for your business’s protection.
Does General Liability Insurance Have a Deductible?
Yes, general liability insurance has a deductible, which is the amount you agree to pay out of pocket before your coverage kicks in. You’ll choose this deductible when getting your insurance quote.
Does General Liability Insurance Cover Theft?
No, general liability insurance covers third-party damages, not losses related to theft or damage to your property. To protect your equipment and business assets, consider adding business personal property coverage to your insurance policy.
Is General Liability Insurance Tax Deductible?
Yes, the premiums for general liability insurance are generally tax-deductible as they are considered a business expense. However, it’s a good idea to consult with a tax professional to ensure you meet all requirements.
Does General Liability Cover Professional Mistakes?
No, general liability insurance does not cover professional errors or negligence. For protection against claims related to professional mistakes, you’ll need professional liability insurance.
What is a Certificate of Insurance?
A certificate of insurance (COI) is an official document that outlines your policy details, coverage, and limits. It serves as proof that you have insurance and can be requested by clients or employers.
Can I Get General Liability Insurance Through Avanta Seguros?
Absolutely! Avanta Seguros offers general liability insurance tailored to your business needs. We are here to help you find the right coverage, ensuring your business is fully protected.
Can High-Risk Businesses Get General Liability Insurance?
Yes, high-risk businesses can still obtain general liability insurance through specialty markets, such as excess and surplus lines (E&S). These markets provide coverage for businesses that may not be eligible for standard insurance options.
Do Limited Liability Companies (LLCs) Need General Liability Insurance?
While LLCs are not legally required to have general liability insurance, it’s still advisable to have it. Many contracts, including leases, may require proof of coverage. Protect your business from lawsuits and costly claims by securing the right policy.
Coverage for Your Advice and Services
Stay protected from claims of negligence, errors, or omissions in your professional services.
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