General Liability Insurance covers liability arising out of business ownership. These risks may include bodily injury or property damage caused by direct or indirect actions of the insured. Commercial General Liability protects a company’s assets and pays for obligations – medical costs, for example –incurred if someone gets hurt on an insured business’ property or when there are damages to the property of others or injuries caused by you or your employees. General liability insurance also covers legal defense costs and settlements or awards should your business be successfully sued.
General liability insurance can also protect you against any liability as a tenant if you cause damage to a property that you rent, such as by fire or other covered loss.
Finally, general liability can also cover claims of false or misleading advertising, including libel, slander, and copyright infringement.
General liability insurance almost always specifically excludes professional liability or professional errors & omissions.