General Liability Insurance
Affordable General Liability Insurance for Small Businesses
General liability insurance (GL) is essential for small businesses looking to protect themselves against common risks like bodily injury, property damage, and legal claims. Whether you interact with clients on-site or at their location, this coverage can shield your business from costly lawsuits and accidents. At Gild, we connect you with trusted insurance partners who understand the needs of small business owners and offer flexible, reliable protection to help you operate with peace of mind.
What Does General Liability Cover?
Physical injury to others
Damage to others’ property
Advertising injury
- Bodily Injury: This coverage helps with expenses from claims for injuries caused by your business’s negligence. It covers medical costs and more.
- Property Damage: Protection against claims for repairing or replacing property damaged by your business’s negligence.
- Advertising Injury: This coverage deals with claims for damage to someone’s reputation caused by your business’ advertising or marketing materials.
GL insurance is the foundation of your business’ protection, covering the everyday risks of running a business.
What Does General Liability Insurance For Business Not Cover?
General liability insurance is essential1 for small businesses but isn’t a full-coverage policy, typical exclusions include:
- Employee injuries: Injuries to your own employees are typically covered by workers’ compensation insurance.
- Professional errors: Negligence or mistakes in the professional services you provide are covered by professional liability insurance.
- Damage to your own property: Your own equipment, inventory, and building are covered by a commercial property insurance policy or business owners policy.
- Commercial auto accidents: Your business vehicles require a separate commercial auto insurance policy.
- Intentional illegal acts: Policies exclude coverage for deliberate or intentional misconduct.
Who Needs General Liability Insurance Coverage?
General liability insurance is at the top of the list of essential protections for any small business. Smaller businesses often face a heavier liability burden2, making this protection especially important if your company has employees and interacts with customers or clients on-site.
It is also crucial if your business sells products or services to others. This includes:
- E-commerce businesses
- Online wholesale businesses
- Those small businesses using platforms like Amazon, Walmart, Target, or Rangeme.
How Much Does General Liability Insurance For Business Cost?
Generally, Gild customers spend about $250 per year for a general liability policy. This makes it an affordable option for small business owners who need essential protection without breaking the bank.
The cost of a general liability policy can vary based on several factors:
- Industry: High-risk industries like restaurants pay more than low-risk ones, like remote it consultants due to higher claim potential.
- Business location: Businesses in high-risk areas face higher premiums.
- Coverage limits: Higher limits increase premiums but offer more protection.
- Claims history: Past claims can directly impact your premium rates.
- Number of employees: Businesses with more employees generally pay higher premiums.
The best way to find your general liability insurance cost is to get a free, online quote in minutes!
Who Needs General Commercial Liability Insurance?
General commercial liability insurance (CGL) is essential for safeguarding your business from unexpected expenses, accidents, lawsuits, and reputational damage. This coverage helps protect your property, equipment, cash flow, and business operations, while also ensuring compliance with licensing requirements in some states.
CGL is critical for business that:
- Interact with customers face-to-face
- Have an offfice or work site
- Work on client property
- Sell products or advertise services
Get GL Insurance Coverage Today!
Your Gild Insurance Agent is here to understand your business and find the right coverage tailored to your needs.
For a free, online quote in minutes, try out Gildber! The fast, hassle-free option for a business insurance.
1 Insurance Information Institute, Commercial General Liability Insurance
2 U.S. Chamber Of Commerce, Tort Costs Of Small Businesses
