General Liability insurance can protect a business owner’s financial responsibilities to accidents that may occur at their business, if the business is at fault. General liability insurance can also be known as “commercial general liability”, “business liability insurance”, or “liability insurance.”

The most common protection general liability insurance helps with is:
– if an employee is injured at work
– if work equipment is damaged
– if clients property is damaged
– if you’re accused of copyright infringement and more.

Because general liability insurance protects a business from such a large spectrum of common accidents businesses encounter, it is the most common type of insurance purchased by small business owners.

Our team customizes general liability insurance costs because they’re individualistic to your specific business. Your business at a low-risk scale can pay little to $10 a month. Keeping your risk level low will drastically decrease the cost of your general liability insurance.

The cost of general liability insurance will differ between each business based on these factors:
– industry
– business size
– employee size
– risk level
– location
– claim history
– length of coverage, and more.

We see our clients typically choosing to pay  $25 a month for their general liability insurance coverage. Here’s an idea of what some industries/professions average monthly for general liability insurance coverage:
– Cosmetologist, Personal Trainer, Photographer/Videographer: $10 to $20/mo.
– Accountant, Architect, Real Estate Agent, ECommerce, Cleaning Company, Electrician, Landscaper, Painter, Property Manager, Retail Store: $25 to $45/mo.
– Business Consultant, Carpenter, Daycare Provider, General Contractor, Restaurant: $50+/mo.

General liability insurance aids in protection against unforeseen expenses associated with accidents that directly result in legal action or responsibility being taken against your business. Examples are property damage, bodily injury, legal expenses, medical feeds, reputational damage, and advertising injury.

In short, if you’re a business owner or contractor then the answer is yes. If you have a basic insurance plan for your business, then general liability insurance is often included because this aids in covering common daily risks. General liability insurance coverage is usually not required by law, but a certificate proving ownership of general liability insurance can be requested by partners or clients prior to engaging with you.

Who needs general liability insurance?
Restaurants & Food Ordering/Service
As a food business, frequent risks that general liability insurance helps you cover slip and fall accidents, medical payments, and legal fees as well as add-on protection such as liquor liability.

Fitness Specialists
If you’re a gym owner or a personal trainer you may be required to have general liability insurance due to the high risk work environment.

Retail & ECommerce
The most frequent claim is customer injuries in retail businesses. Retail business owners need to be protected in the event of a customer harm incident as well as product liability coverage to protect your inventory.