Commercial General Liability in Oak Forest, Orland Park and Surrounding areas Throughout IL
Critical Assurance for the Protection of Your Business
General liability insurance helps financially protect businesses from a variety of liability claims. It is a fundamental component of many insurance portfolios and is designed to cover expenses associated with legal claims and lawsuits brought against the insured party.
What Is Covered by General Liability Insurance?
General liability insurance typically covers claims that can occur through business operations. These policies generally include coverage for the following types of claims:
- Third-party bodily injury—General liability insurance coverage may help pay for resulting medical costs and legal fees if your business is responsible for third-party bodily injuries.
- Third-party property damage—General liability insurance coverage may help pay replacement fees or repairs if your business damages someone else’s property.
- Reputational harm—General liability insurance may help provide coverage if your business is sued for libel or slander.
How Much Is General Liability Insurance for a Small Business?
- Advertising injury—A general liability insurance policy may help pay for fees related to your business being sued for copyright infringement.
The cost of general liability insurance for a small business can vary widely based on several factors, including the type of business, its size, location, coverage limits, industry risks and other variables.
How Much General Liability Insurance Do I Need?
Determining how much general liability insurance you need for your business can depend on the size of your business, industry, location and specific risk exposures, among other variables. Ultimately, no fixed formula determines the general liability insurance you need. It’s a decision that should be based on carefully evaluating your business’s unique risks and circumstances.
While it can be tempting to opt for lower coverage to save on premiums, balancing affordability and sufficient protection is essential. Inadequate coverage could leave your business vulnerable to financial losses. Contact Jordan Insurance Services & Associates to discuss your general liability insurance needs. We can help ensure you have the right coverage for your operations.