GENERAL LIABILITY INSURANCE
Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage. The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the policyholder and indemnification (payment on behalf of the insured) with respect to a settlement or court verdict. Liability policies typically cover only the negligence of the insured, and will not apply to results of willful or intentional acts by the insured. General Liability insurance protects your company in case it is sued or held legally liable for injury or loss caused by a mistake made by your company.
Broad Range of General Liability Insurance Protection that you may consider:
- Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
- Property Damage coverage for the physical damage to property of others or the loss of use of that property
- Products-Completed Operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided
- Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual Liability extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types.
California general liability insurance is very practical for any business and it doesn't matter how small your business is. Accidents occur all the time, and by their nature, they cannot be predicted. In order to better guard against them turning into a case where a huge monetary loss results, California general liability insurance can offer protection for these unforeseen events.
Whether a neighbor slips and falls on the front steps of a home, or a patron of a store experiences a mishap when perusing the premises, both of these types of scenarios can result in a personal injury law suit. Having general liability coverage assures the person who owns the home or commercial establishment that they will have sufficient funds available as well as legal help in sorting through the incident and avoiding a huge loss.
 
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