Serving All 50 States!
Don’t limit yourself to one or two insurance companies and end up paying high premiums.
AUTO
HOME
BUSINESS
PROPERTY
UMBRELLA POLICY
Get Covered Today Through Our Agents or Our Network of 200+ Partners
Running a business comes with inherent risks. At West Lake Insurance Agency, we understand the importance of protecting your company from unforeseen events. We’re here to help you find the right business general liability insurance policy to safeguard your business and your financial well-being.
What is Business General Liability Insurance?
Business general liability insurance, also known as commercial general liability (CGL) insurance, is a type of insurance that protects your business from financial losses due to common business risks, such as customer injuries on your premises, property damage you accidentally cause to others, and advertising injury. It’s a foundational coverage for most businesses. West Lake Insurance Agency can explain the details of general liability coverage and help you determine the appropriate limits for your business.
Who Needs Business General Liability Insurance?
Most businesses need general liability insurance, regardless of size or industry. This includes:
- Small businesses.
- Large corporations.
- Home-based businesses.
- Retail stores.
- Service providers.
- Contractors.
- Restaurants.
Even if you operate your business from home or have minimal customer interaction, you could still be held liable for accidents or damages. General liability insurance provides essential protection.
What Does Business General Liability Insurance Cover?
A typical business general liability insurance policy includes several key coverages:
- Bodily Injury: This covers medical expenses and other related costs if someone is injured on your business premises or due to your business operations.
- Property Damage: This covers the cost of repairing or replacing someone else’s property that your business accidentally damages.
- Personal and Advertising Injury: This covers claims of libel, slander, copyright infringement, and other advertising-related injuries.
- Legal Defense Costs: Even if a claim against your business is frivolous, defending yourself can be expensive. General liability insurance can help cover your legal defense costs, regardless of the outcome of the case.
Why Business General Liability Insurance Is Important
Business general liability insurance is crucial for protecting your business:
- Financial Protection: It shields your company from potentially large financial losses due to lawsuits, medical expenses, and property damage claims.
- Peace of Mind: Knowing you have general liability coverage allows you to focus on running your business without constant worry about potential risks.
- Business Credibility: Having general liability insurance can make your business appear more credible and trustworthy to clients and customers. Some contracts even require it.
How Much Does Business General Liability Insurance Typically Cost?
The cost of business general liability insurance depends on several factors, including:
- Type of Business: Some industries are considered higher risk than others and may have higher premiums.
- Business Size: The size of your business, including revenue and number of employees, will be a factor.
- Location: Businesses in areas with higher rates of accidents or litigation may have higher premiums.
- Coverage Limits: Choosing higher coverage limits will increase your premium.
- Deductibles: A higher deductible means lower premiums, but you’ll pay more out of pocket if you make a claim.
- Claims History: A history of previous claims can result in higher premiums.
Get a Quote from West Lake Insurance Agency
Protect your business and your future. Fill out the form below to get a personalized business general liability insurance quote from West Lake Insurance Agency. We’ll help you find the right coverage at the right price.
Who we are
Insurance agency you can count on.
West Lake Insurance Agency takes the work out of buying commercial insurance for businesses. We help small business owners and operators find quotes for commercial insurance from preferred insurance companies.
General Questions
Business insurance covers your business against property damage or theft and covers you if you’re sued for negligence or if any of your employees are involved in an accident while using business-owned vehicles. It’s important to ensure you have the correct types of policies, at the right levels, for the business activities you routinely undertake.
Business insurance covers the operations and assets of commercial organizations. There are several kinds of business insurance, such as: Commercial auto insurance, Professional liability, Commercial property insurance, Commercial umbrella insurance.
Browse our site or contact us for information about business insurance to learn everything you need to know to protect your business with the right insurance policy.