Call Us 865-281-7722 ☰ ˟
Logo
Call Us 865-281-7722
  • Our Agency
    • AboutImage of right arrow
      • Employee Directory
      • Location
    • Get a Quote
    • Our Providers
    • Contact UsImage of right arrow
      • Bradley Insurance Agency
  • Products
    • Auto and Homeowners Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Accident Forgiveness
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Condo Insurance
      • Mobile Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Personal Umbrella Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Group Life Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Key Person (Key Men) Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
    • Additional Insurance ServicesImage of right arrow
      • Special Event Insurance
      • Other Services
      • Wedding Insurance and Special Event Insurance
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Bar Insurance
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Hotel/Hospitality Insurance
      • Law Firm Insurance
      • Limousine Services Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Minibus Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • School Bus Contractors Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Uber Insurance
      • Water Well Drillers Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • General Liability Insurance
      • Leave Management
      • Loss Control Insurance
      • Inland Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Disability Insurance
      • Individual Life Insurance
    • Farm InsuranceImage of right arrow
      • Crop Insurance
      • Farm Owners Insurance
      • Farm Livestock Insurance
      • Equine Insurance
      • Farm Equipment Insurance
      • Farm Dwelling Insurance
      • Farm Structures Insurance
      • Farm Auto Insurance
      • Farm Umbrella Insurance
      • Farm Liability Insurance
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Us
    • Testimonials
    • Location
    • Privacy Notice
  • Contact
Home > Blog > How Much General Liability Insurance Does a Small Business Need?
THURSDAY, FEBRUARY 2, 2023

How Much General Liability Insurance Does a Small Business Need?

Small businesses face a lot of general risks during operation. General liability insurance is a common yet crucial policy designed to cover businesses from potentially expensive accidents and lawsuits. So how do you decide how much coverage your small business needs? 

First, it is important to realize that the size of your business is only part of the considerations for how much insurance you need. Even small businesses need a reliable general liability insurance policy geared to cover specific dangers. Finger on Insurance

The Importance of Industry 
Your business’ industry is just as important as the size of your company. Some industries have higher risks of accidents than others. Industries with physical locations, for example, typically pose higher general liability risks than a purely online store. 

Previous Claims 
Has your business been in operation for a few years? If so, take a look at your company’s claims history. If you have a long history of claims, you may consider raising how much general liability insurance your business needs. Higher limits can help you avoid reaching the policy’s claim limits.  

What Does General Liability Insurance Cover? 
General liability insurance covers three main areas: 

  • Bodily Injuries: General liability insurance can help cover medical bills a person may face due to an injury on the business’ property. It can also cover the business’ legal expenses in case of a lawsuit regarding the injury. 
  • Property Damage: Property damage coverage helps compensate those whose property is lost or damaged due to the business’ negligence, as well as covering related legal costs the business may face. 
  • Personal and Advertising Injury: Personal and advertising injury covers primarily non-physical claims. This includes coverage for claims concerning libel, slander, malicious persecution, copyright infringement, theft of another’s advertising idea and more. 

Additional coverage can be purchased for businesses that need it, as well as policies that can fill in gaps in a general liability insurance policy. 

For most businesses, insurance agents recommend a <business owners policy>. This type of insurance policy combines general liability insurance and commercial property insurance into a flexible policy specifically geared for small businesses. It allows small business owners to adjust limits, add coverages and tailor deductibles to their business’ needs. 

Make sure to speak with an insurance agent about insuring your business with the right insurance. Having too little coverage can leave your business open to expensive lawsuits and other accidents that could present a hard road of recovery. 

Posted 5:34 PM

Tags: general liability insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • auto insurance(4)
  • general liability insurance(3)
  • bop insurance(3)
  • commercial property insurance(3)
  • commercial auto insurance(3)
  • workers compensation insurance(2)
  • business(2)
  • commercial(2)
  • home insurance(2)
  • coverage(2)
  • builders risk(2)
  • homeowners insurance(2)
  • liability(1)
  • professional liability(1)
  • builder's risk insurance(1)
  • hours(1)
  • business owners policy(1)
  • insurance(1)
  • after(1)
  • claims(1)
  • commercial general liability insurance(1)
  • workers(1)
  • car insurance(1)
  • business insurance(1)
  • professional liability insurance(1)
  • compensation(1)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Customer Service| Blog| About Us| Contact| Privacy Notice| Terms of Use|
5210-B Schubert Road | Knoxville, TN 37912
P: 865-281-7722 | Fx: 865-281-7182
Social Social Social Social
Logo

Powered by Insurance Website Builder