How Much General Liability Insurance Does Your Georgia Business Need?

Businesses of all sizes and across many sectors are often in dire need of general liability insurance. These policies, also known as commercial general liability insurance, can cultivate multifaceted financial security, potentially addressing many common risks and exposures that may transcend industry lines in their relevance. However, while you’re likely aware of the overall importance of this type of insurance, assessing your specific coverage needs can be a complicated matter.

What Should My Policy Cover?

General liability insurance lives up to its name by providing versatile coverage against many frequent incidents and liability claims. Although you may be able to customize your policy and augment it with endorsements or riders, you can generally rely on coverage to offer financial aid in response to third-party bodily injuries, property damage and personal and advertising injuries (e.g., slander and libel) for which you’re at fault.

How Can I Assess My Business’s Unique Needs?

Many factors may influence your company’s exact general liability coverage needs. As you begin shopping for a policy or reassessing your current insurance, consider the following aspects of your business:

• Industry—Those in certain industries, such as construction and food distribution, may require more coverage due to the potentially higher losses they could face.
• Workforce size—Generally, the more employees you have, the more insurance coverage you’ll need, as errors and accidents are often more likely.
• Functional details—The products and services you offer may influence your needs. For instance, if you regularly perform off-site work, welcome clients and guests to your business or take responsibility for other parties’ property, you may need more coverage.
• Contractual requirements—Although general liability insurance is not typically required by law in Georgia, certain clients may only work with insured businesses. Failing to adhere to these mandates could limit prospects and harm your reputation.

How to Get the Right Coverage in Georgia

Contact ABC Insurance Services in Dalton, GA , today to learn more about general liability coverage and secure an ideal policy.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.