If you run a business it is critical that you have some form of general liability insurance. A commercial policy will protect you against claims made by customers or other individuals that come into contact with your business. For example, let’s say you owned a fence company, and were building a large fence at a golf course. If you left many open holes in the ground and someone walked by one day, tripped over your hole and broke their leg, their is a chance that they may sue you. Well if you have Commercial General Liability coverage, there is a good chance you would be covered and any damages that you have to pay because of that injury then it might be paid by the insurance company.
You have to be careful though as your monthly payment on your insurance will probably go up if you have a claim successfully completed against you. Normal general liability insurance covers: bodily injury, property damage, person injury and advertising injury. One other great benefit of having this type of insurance is that even if a claim against you is false and you still have to go to court, you will covered under your policy.
As a business owner, having this type of insurance is a fact of life, there’s not getting around it. The last thing you would want is for an employee to get severely hurt in a job site injury and then have to pay millions of dollars in a settlement, that could take down your business, which is why it’s smart to carry some form of General Liability Insurance.