General Liability Insurance

Businesses of all sizes are faced with various risk-mitigating decisions daily. One of the best ways to manage the many risks you may face involves purchasing the right insurance solutions. While every business’s needs are different, general liability insurance is an insurance policy that is a must-have, whether you own a small, medium or large business.  

The Hagar Group is here to help your business get the commercial insurance solutions it needs, including a general liability policy. Give us a call today to get started.  

What Is General Liability Insurance? 
General liability insurance is a type of business insurance that provides coverage for various common risks businesses face. It can help protect businesses from financial losses due to bodily injury, property damage, and other related claims. This type of insurance is designed to help organizations cover the costs associated with lawsuits and legal fees that may arise due to accidents or negligence. 

What Does General Liability Insurance Cover? 
General liability insurance covers a range of risks and scenarios that may arise while running a business, including bodily injury, property damage, and personal and advertising injury. For example, if a customer slips and falls in your store, general liability insurance can help cover their medical bills and any legal fees that may arise because of a lawsuit. 

Additionally, general liability insurance can also provide coverage for damage to other people’s property caused by your business. For example, if a contractor accidentally damages a client’s property while working on a project, general liability insurance can help cover the costs of repairs. 

What Are the Types of Liability Insurance? 
General liability insurance can help cover some of your business’s liability—but not all of it. There are several different types of liability insurance, and the coverage you need will depend on the nature of your business. Here are a few other types of liability insurance your business may want to consider purchasing: 

• Professional Liability Insurance—Professional liability insurance, also known as errors and omissions (E&O) insurance, can provide coverage for professionals who provide services or advice to clients. This can include lawyers, doctors, and architects.
• Product Liability Insurance—Product liability insurance can provide coverage for businesses that manufacture or sell products. It can help protect businesses from financial losses due to lawsuits and legal fees that may arise as a result of injuries or damages caused by their products.
• Cyber Liability Insurance—Cyber liability insurance can provide coverage for businesses that handle sensitive customer data. It can help protect businesses from financial losses due to data breaches, cyber attacks, and other related risks.