Why Every Business Should Carry Liability Insurance

If you own a business, then you know the amount of responsibility and risk of running a successful operation. Part of these responsibilities is carrying an adequate amount of insurance. It can be overwhelming to decide what kind of coverage is best for your business. Let us take a look at why you should have liability insurance, and how much.


What is General Liability (GL) insurance?

General Liability insurance, also called small business liability or commercial liability insurance, protects your business against others’ claims. Those claims could include bodily injury, damage to property, or personal injury. For example, if someone comes to your business, slips, and breaks their ankle – then a general liability policy could cover their medical bills. As an additional example, if someone else’s property is damaged and your business is found to be responsible, then the costs to fix or replace the damaged property could be covered. These are just a couple of examples. However, general liability covers you for much more that what is covered above. Contact us to learn more ways a GL policy would protect your specific business.

Why does my business need GL insurance?

Even if you are a small business owner, the costs associated with the instances mentioned above could be astronomical. The financial burden could theoretically be so high that it could put you out of business or deliver such a financial blow that you will be spending years recovering. General liability insurance would save you from that scenario, even if the unexpected were to happen. Even if you have the type of business where instances like that would not happen, you would be surprised what you could still be found liable for.

Get the Right Kind of General Liability Insurance for Your Business

There is no one size fits all package when it comes to liability insurance for your business. So, it’s critical that you sit down with your agent and work out the best coverage for your needs. Make sure you understand just what is covered, and for how much.


Every business should carry liability insurance. If you do not have a GL policy, or are not sure if your current one is adequate, then we can help!