What is general liability insurance?
Almost every business faces some common liability risks, where they might be held financially liable for injury, property damage or other harm to another party. For these common risks, there’s general liability insurance.
General liability insurance is an important first line of defense against many common business liabilities. Policies may cover everything from slips and trips, to slanders and libels.
Who should consider general liability coverage?
Any business that interacts with a third party probably should have general liability coverage. That’s almost any business that interacts with customers, clients, vendors or others.
Moreover, businesses generally should have this insurance regardless of their size or corporation structure. Self-employed sole proprietors and multi-location corporations might have different levels of risk exposure, but they both normally face these common liability risks.
Many rental houses, studios, and locations require general liability coverage before releasing their gear or reserving their space. Because of this, you should consider getting general liability if you have an upcoming need to provide an Insurance Certificate that requests the vendor to be listed as “Additional Insured” or “Additionally Insured”.