General Liability Insurance

General Liability Insurance: This is an insurance policy for businesses who need to protect their assets against various legal claims. This type of policy is often bundled with property insurance in a business owner’s policy, or BOP. However, self-employed independent contractors will often obtain this policy separately from property insurance. This coverage will protect the business against general claims of bodily injury or damage to the business property. It also covers personal injury and claims of harm based on advertising. Medical expenses are included in the General Liability Insurance policy. This insurance coverage is considered essential for small businesses because the entire company can be wiped out by a single lawsuit.  Also if you operate a vehicle for the business make sure to get a free quote on Commercial Car Insurance.  The cost of the policy depends on the degree of coverage you decide to obtain.