Your business won’t be protected without it.Ĭommercial general liability insurance helps protect your business and employees from some of the most common lawsuits that arise from everyday business activities.īusiness liability insurance helps provide coverage for: It’s important to consider business liability insurance, even if you are an independent contractor. The top 10 costliest small business claims are: reputational harm ($50,000) vehicle accidents ($45,000) fire ($35,000) product liability ($35,000) customer injury or damage ($30,000) wind and hail damage ($26,000) customer slip and fall ($20,000) water and freezing damage ($17,000) struck by object ($10,000) and burglary and theft ($8,000), according to Insurance Journal. According to, median costs for a business lawsuit start at $54,000 for a liability suit. General liability coverage helps protect your business from financial losses due to lawsuits. It is not required by law, but every business should have it. Whether you’re a contractor, consultant, or small business owner, InsureOne can help you get the general liability coverage your business needs. General liability insurance is often bundled with property insurance in what is called a Business Owners Policy or BOP. General liability insurance often referred to as business liability insurance protects your business from a variety of claims including:
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