General Liability Insurance

As a business owner, it’s imperative that you take steps to ensure your business is protected. There is always a chance that someone might try to sue your business, and when that happens, the company could suffer financially. If you have general liability insurance, you may be able to offset some—if not all—of the costs related to the lawsuit.  

General liability insurance is coverage that nearly every business needs. Minnesota businesses trust Zachman Insurance to help them get that coverage. Since 1980, we’ve served St. Michael and the surrounding region with pride and dedication. Our clients have faith in us to deliver personalized, friendly service that ensures they get the perfect business insurance solutions. 

To learn more, call us at 763-497-2430.

What Is General Liability Insurance? 
General liability insurance covers the costs of business lawsuits and accidents related to nonprofessional negligent acts. If a client or other party believes that they had such an experience, they might sue your business. They might demand that you cover costs like medical bills, damaged property, lost income and pain and suffering. By filing a claim against your general liability insurance, you’ll be able to compensate the affected party. 

Do I Need General Liability Insurance? 
General liability insurance is almost universally necessary for businesses. There is always a chance someone could sue your company—even over a claim that seems frivolous—and the costs of the suit could be high. Liability insurance will help ensure that your business can afford to fight this suit and reach an appropriate settlement. Therefore, coverage will protect your bottom line. 

What Does General Liability Insurance Cover?  
Most general liability policies cover three main loss scenarios: 

• Bodily injuries—If someone sues you because they sustained an injury in your business, this coverage will apply. This coverage commonly covers slip-and-fall claims.

• Property damage—When the business is at fault for causing damage to someone else’s property, this coverage will repay the affected party.

• Personal injuries—Someone might raise claims of libel or slander against your company. General liability insurance can cover costs related to the claim.

Additionally, your policy might cover advertising injuries, product injuries and completed operations liabilities. Speak to your Zachman Insurance agent to learn more about the scope of your policy. 

How Much General Liability Coverage Do I Need? 
When you file a claim against your general liability policy, your insurer will review the circumstances to determine whether it qualifies for coverage. They will also determine how much compensation you can receive. Most policies offer expansive coverage limits that can cover high-value claims.  

Still, general liability insurance is not all-encompassing. You might need to carry more specific liability coverage as part of your overall commercial insurance package.  

Additional plans include: 

If you feel that you need even higher coverage limits than your general liability plan can provide, consider getting commercial umbrella insurance. Umbrella insurance offers extra liability coverage that you can turn to if a claim ever exceeds the limits of your existing general liability plan. 

Contact Us Today 
To get a far-reaching, easily manageable and affordable general liability insurance policy, contact Zachman Insurance today. We’ll make it easy for you to obtain optimized coverage as part of a comprehensive business insurance portfolio.