I read about general liability when going through small business insurance offerings. I got the general idea and am looking to hear real life experience or examples. It could be just a scenario created for evaluate the risk or some cases you’ve heard. Thanks!
Also anything about exclusion of gl would be helpful!
Hey @Arcs
Great question. General liability insurance covers costs if your business accidentally causes harm to others. Here are simple, real-life examples:
Common Scenarios:
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Customer Injury: Someone buys a lamp from you - it shorts out and causes a fire in their home. Your insurance would cover their damages.
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Product Damage: A customer claims your hair product damaged their expensive countertops. Insurance handles the repair claim.
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Advertising Mistake: A competitor says your ad copied their slogan. Insurance helps with legal costs.
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Visitor Accident: A delivery person slips at your home office. Insurance covers their medical bills.
Basically: It protects you from unexpected “what if” situations that could cost thousands in legal fees or damages.
Waiting to hear back from you. If this was helpful, please mark it as a solution.
Thanks.