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April 30, 2024

General Liability Insurance in White House, TN

There may inevitably be a situation during business operations where something goes wrong and your organization is found liable. Such circumstances can destabilize your fiscal security and even jeopardize your future viability. This means that even the most experienced and diligent businesses must consider securing general liability insurance. 

Crop businessman giving contract to woman to sign

What Is General Liability Insurance? 

General liability insurance is one of the most common and essential types of coverage for businesses. These policies can provide crucial financial protection in the wake of incidents where your company or employees may be found negligent for the losses to other parties, such as customers, vendors, passersby and neighbors.  

How Does General Liability Insurance Work? 

Like many insurance products, a general liability policy establishes a legal contract between you and your insurance provider. After purchasing and customizing your coverage, you retain it by paying regular (e.g., monthly or annual) premiums. In exchange for these payments, your insurance company agrees to provide financial assistance following covered losses up to your policy’s limits. 

What Does General Liability Insurance Cover? 

General liability insurance lives up to its name by providing versatile coverage across many common risks and incidents that may impact many types of businesses. While exact capabilities, limitations and other details may vary depending on your needs, risk tolerance, budget and insurer, the following types of incidents are usually covered: 

  • Bodily injuries—If a third party, such as a customer or passerby, is injured while on your business premises or because of your operations, this coverage can help pay for their medical expenses and financial losses. 
  • Property damage—This part of general liability insurance can compensate other parties if you are at fault for an incident that damages their property, such as if you start a fire that spreads to a neighboring business. 
  • Personal and advertising injuries—Your policy can also cover financial losses and legal expenses if you are at fault for inflicting personal injuries or reputational harm on others, such as via slander, libel or intentional copyright infringement. 

How Much Does General Liability Insurance Cost? 

When considering your business’s risk levels and coverage needs, general liability insurance companies must analyze many criteria, including the following: 

  • Location 
  • Industry 
  • Number of employees 
  • Years in business 
  • Prior claims history 
  • Coverage limits 

How to Get General Liability Insurance Near Me 

To responsibly protect your business’s financial interests, you should work with qualified general liability insurance professionals, such as the team of Wilkinson Insurance. With extensive experience spanning over 50 years, our dedicated team is well-equipped to help companies in middle Tennessee and southern Kentucky secure appropriate coverage. Contact us today to learn more or to get a personalized general liability insurance quote. 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

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