A general liability insurance policy also known as business liability insurance — protects businesses from claims that result from normal business operations. Business liability insurance policy for protection from bodily injuries, medical payments, advertising injuries, and more.
Why do I need business insurance coverage?
As a business owner, you need business insurance to protect yourself, your employees, your customers, your assets and the future of your company. Think about the high costs associated with worker injuries, lawsuits, temporary business closures and data breaches. Without business insurance, any one of those examples could jeopardize the future of your business.
Also, your state may require you to carry certain types of business insurance.
What does general liability insurance cover?
This liability insurance protects your small business from claims that occur during your normal business operations, such as:
- Property damage
- Physical injury
- Defense costs
- Personal and advertising injury
How much does general liability insurance cost?
The cost of general liability insurance is based on your specific business needs. Your business is unique, and so are the risks. Factors that influence the cost include:
Type of work
- Number of employees
Who needs liability insurance coverage?
Each business is different, so make sure you’re covered for your needs. Examples of businesses that use general liability insurance are:
- Artisan contractors
- Small business owners
- Landscaping companies
- IT contractors
- Real estate agents
- Janitorial services
Should you get general liability insurance for your LLC?
While an LLC provides some protection from personal liability for members, the protection is not absolute and your business can still be sued. General liability insurance for your LLC helps protect your small business from the consequences of third-party claims for injury or property damage.
Does your company need a different type of liability insurance coverage?
Being properly insured is the best way to protect your company. We’re here to help. A few examples of companies that may be better suited to our other business insurance products
Your company provides professional services (e.g., education and training)
You rent or own a storefront
You use vehicles to transport goods, yourself, or employees
General Liability Insurance: Frequently Asked Questions
How can I manage my policy?
The Geico Insurance Agency makes it easy for you to speak directly with an insurance professional who can help you.
Do you sell other business insurance products?
Yes! Whether you’re a small business just getting started or looking for better insurance rates, GEICO can help. Answer a few short questions about your business so we can help narrow down the search with you.
Is my small business properly covered?
For most small businesses, general liability insurance is recommended. Beyond that, it depends on your unique situation. Common types of business insurance include workers’ compensation, commercial auto, and/or professional liability insurance as well