Texas General Liability Insurance, also known as Commercial General Liability Insurance, protects your business from property damage and bodily injury claims. It is completely natural for you to come across such claims when you are managing your business. Without general liability insurance, you’ll have to pay for those claims. Hence, every business owner out there should think about obtaining a general liability insurance policy, regardless of the nature of the business that is being managed.
What Expenses Would Your General Liability Insurance Policy Cover?
The Texas general liability insurance you obtain will be helpful to you when covering numerous expenses related to your business. The main objective of it is to provide protection against the claims associated with bodily injuries and property damage. For example, assume that a customer who comes into your commercial property slips and falls. Then you will be able to use the business liability insurance policy to cover the medical expenses of your customers. If one of your employees caused damages to a property owned by a customer, you will be able to get that claim from the general liability coverage as well. If your business is sued, General Liability Coverage will pay all legal fees. You can also cover client lawsuit settlements or judgments.
What is covered by liability insurance?
Additionally, general liability coverage policies cover these primary categories. Then you can fully comprehend its protection.
- Reputation damage caused by libel, slander, wrongful eviction, and malicious prosecution will be covered by the general liability coverage policy.
- Property damage and bodily injury that is caused by the business.
- Advertising injuries that are caused by copyright infringement.
- Damages caused to a property that you have rented due to an explosion, lightning, fire, or any other reason
- Medical expenses associated with clients or customers who encounter injuries while they are at your commercial property
Therefore, general liability coverage is vital for any organisation, big or small. Then you will be able to keep peace of mind as you are covered from unforeseen expenses.
Finally, for further details on general liability insurance, contact Octo Insurance Agency at support@octoinsurance.com or call us at 469-898-8348.