General Liability Insurance for Business
Protect your business from the unknown
General liability coverage is needed to protect businesses of all sizes from the unexpected. Paychex Insurance Agency can help protect your company or business from general liability claims by finding a policy that allows you to manage risk, safeguard your assets, and meet the demands of your industry or specific customers.
What Is General Liability Insurance?
General liability insurance, also commonly known as business liability insurance or commercial general liability insurance, helps cover your business from claims of customers or others that are a result of accidents or injuries. Claims of negligence can be costly for businesses to cover outright, but our general insurance liability policy covers property damage, bodily injury, libel, slander, and defense against lawsuits.
Why General Liability Insurance Is Important for Businesses
Get the policies you need to meet coverage requirements, such as general liability or a business owner’s policy (BOP), with help from your advocates at Paychex Insurance Agency.
Meet Insurance Requirements
Some customers may require you to carry commercial liability insurance coverage before they’ll work with you.
Insure Valuable Assets
General business insurance liability can help prevent the need to sell assets to cover legal fees or judgments against your business.
Preserve Your Reputation
Protect what you’ve worked so hard to build, including your reputation, by covering expenses related to bodily injury, property damage, or other liabilities.
Reduce Risk and Worry
General liability business insurance can help cover a variety of accident-related expenses.
What Does General Liability Insurance Cover?
Our licensed insurance agents will work with you to assess the types of coverage you may need in your policy. Available policies include:
Bodily Injury and Property Damage
Injuries carrying medical expenses or damage to others’ property that happen on company property or result from your operations.
Product and Completed Operations Exposures
Bodily injury or property damage to others caused by your company’s finished products.
Damage Caused by Your Employees
Some general business insurance liability policies will cover accidents or other damage caused by your employees or independent contractors in case of a lawsuit.
Advertising Injury Insurance
Claims alleging libel or slander because of your company’s advertising.
Medical Payments
Injuries suffered by visitors while on company property.
What You Get With General Liability Insurance Through Paychex Insurance Agency
Potential Savings on Insurance and Benefits
Our licensed agents can help you determine which insurance coverages are appropriate for your business, and then bundle them to help extend your protection at a premium that’s often less than the total cost of standalone policies.
Coverage From Top Carriers
Paychex Insurance Agency partners with the country’s highest-rated providers to match you with general liability insurance policies to meet your coverage needs at a premium that works for you.
Customized Insurance Plan Unique to Your Business Needs
Our licensed insurance agents will help you select general insurance liability coverage that meets your specific coverage needs based on plan features and affordability.
General Liability Insurance FAQ
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What Are the Four Types of Business Insurance?
What Are the Four Types of Business Insurance?
The four common types of business insurance are:
- Commercial property insurance
- Company liability insurance
- Commercial auto insurance
- Workers’ compensation insurance
Learn more about the basics of these and other popular types of business insurance.
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What Does Commercial General Liability Insurance Cover?
What Does Commercial General Liability Insurance Cover?
General insurance liability protects against events such as injuries, damaged customer property, and defamation and copyright infringement.
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How Much Is General Liability Insurance?
How Much Is General Liability Insurance?
General liability coverage cost depends on many factors such as the location(s) in which you operate, industry, and number of employees. Small business liability insurance coverage is often available at very affordable rates, especially when you bundle multiple insurances under one policy.
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What Is the Difference Between Professional Liability and General Liability?
What Is the Difference Between Professional Liability and General Liability?
The primary difference between professional liability insurance and general liability insurance is the specific types of risk that each covers. General liability insurance protects a business against physical risks, such as bodily injury or property damage. Professional liability covers financial risks such as lawsuits stemming from negligent actions or specific errors and omissions that occur as a result of business activities.
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Do Small Businesses Need General Liability Insurance?
Do Small Businesses Need General Liability Insurance?
While not legally required to operate, businesses should strongly consider having general liability insurance coverage. Without it, you could put the business at risk if a customer sues the company and you don’t have coverage. You may also need general liability insurance for small businesses if you work with clients. They may want confirmation of your coverage before agreeing to go into business with you.
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What Is General Liability Insurance for LLC?
What Is General Liability Insurance for LLC?
While an LLC’s structure separates business and personal assets, business owners could still face various risks. That’s why general liability coverage is a great way for an LLC to protect itself against third-party claims of bodily injury, property damage, or advertising injury. Depending on the industry the LLC operates in, general liability insurance coverage may also be required.