If you start a company, you need business insurance. Most states require commercial general liability coverage to protect owners and customers from financial losses due to products and operations. If you’re wondering why these policies are helpful, learn more about some of the events they cover in the guide below.

What Is Covered by General Liability Business Insurance?

1. Bodily Injury

As a business owner, you’re responsible for keeping your premises and operations safe. When an accident results in an injury to a customer, you’re held liable for costs related to medical bills and emotional distress.

If the victim files a personal injury case against you, the insurance company pays for the damages, including treatments and examinations. However, you need workers’ compensation insurance to cover employee injuries.

2. Product Liability

There are instances when customers sustain injuries after using products. The companies that manufacture or sell them may be held liable.

For example, if the goods don’t contain warnings or instructions on proper usage, they can become choking hazards. General liability insurance protects your livelihood in these situations.

3. Personal & Advertising Injury

Sometimes, a business can accidentally use someone else’s patented ideas or designs without permission. Other companies could also take action if they feel that a commercial portrays them negatively. Insurance protects you against cases of slander, libel, malicious prosecution, and copyright infringement.

4. Property Damage

When you lease a property, you must maintain it. When accidents, including fires, occur, your general liability insurance covers the resulting damage to your landlord’s property. If you require coverage for weather disturbances, you may need additional policies. 

General liability protection also covers damage to a customer’s property. If you or your employee is at fault, the insurance company pays for repairs or replacement.

If you run a company in Alaska or Hawaii, let the professionals at Associated Insurance Services find the best business insurance for you. As a trusted agency, they work with different providers to give you a range of insurance options. Their brokers have an average of 25 years of experience. Call (907) 349-2229 to request a quote, or visit their website to learn more about their commercial products.