Can I find general liability insurance for the small business?

General liability insurance for the small business is available from any provider of Business owners insurance. A business owners policy (BOP) is a package policy designed for the small business and consisting of both a commercial property coverage, and a general business liability coverage. So if you own a small business, a BOP is probably your best alternative.

While the commercial property section of a business owners policy is indeed very important, we will pay more attention to the general liability insurance part of a BOP.

What General Liability Insurance Covers

The general liability insurance section of a business owners policy provides financial protection to small business owners in the event that the insured is found legally liable for a third-party loss, whether it be bodily injury, property damage, or personal and advertising injury. If the insured is found legally liable for a third-party loss, business liability insurance will pay the damages on behalf of the insured.

The medical expenses of others are also covered by a business owners policy. The business owners policy provider agrees to cover the medical expenses of people who have suffered bodily injuries on the premises of the insured or as a result of their business operations. The small business owner does not need to be found legally liable for medical expenses to be covered. The only thing the injured party needs to do is show evidence of medical bills incurred and make sure they report the incident less than year after its occurrence.

As with most types of insurance, a business owners policy provider is responsible for defending their client in court if a liability claim is filed against them. All defense fees are paid for by the insurer in addition to the compensation amount that the insurer pays on behalf of the insured.

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