General Liability Insurance

Customized General Liability Insurance for Your Business

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Simply Business is pleased to provide tailored insurance coverage from Hiscox, Travelers, and CNA.

Simply Business is pleased to provide tailored insurance coverage from Hiscox, Travelers, and CNA.

General Liability Insurance Quotes Customized for You

Accidents happen. That’s why Simply Business can help keep you protected with general liability insurance.

Whether you’re a handyman or an interior decorator, our general liability insurance can be tailored to your exact needs. We offer you the ability to choose between multiple insurance carriers who specialize in your industry, so you can pick and choose the exact coverage you want. Plus, it can all be done online or over the phone, making it incredibly convenient for you to get coverage.

What is General Liability Insurance?

General liability insurance provides your business with coverage against claims and lawsuits involving bodily injury, third-party property damages, and more. Having this type of coverage is essential for businesses that work with the public.

Accidents can happen when you’re running a business. A customer might slip and fall in your store, or you might unintentionally damage a client’s furniture during a home remodeling project. If you’re not protected with general liability insurance, you may be forced to pay for these accidents and damages from your own pocket.

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Do I Need General Liability Insurance?

You may need general liability insurance if your business works with the public. You may also be required to get a general liability policy if you want to secure larger contracts with customers and vendors. Your general liability insurance policy can cover you against claims of third-party injury or property damage, whether it happened on your business’s premises or elsewhere. It’s a good idea to have it, even if your state doesn’t legally require it.

Read our FAQ for more info: Do I need general liability insurance?

What Does General Liability Insurance Cover?

General liability insurance can provide your business with coverage against claims resulting from property damage, accidents, and bodily injury. This insurance policy protects you and your business when third-parties (usually customers or vendors) are injured on your commercial property. It can also protect you against any unintentional damages you might cause on a client’s property.

How Does General Liability Insurance Work?

Let’s take a look at an example of how general liability insurance works: A plumber is doing light repairs on pipes in a client’s remodeled bathroom. However, he doesn’t secure the caps as tightly as he should have, which causes considerable water damage in the new bathroom.

The plumber’s general liability insurance policy covers the $7500 costs of repairing the water damage. The only out-of-pocket expense the plumber has to pay is the policy deductible.

Is General Liability Insurance Required By Law?

General liability insurance is not required by law, but it’s strongly recommended for business owners who work with the public. Having general liability insurance can also help you land bigger contracts with clients who require your business to have this protection.

Why is General Liability Coverage Important?

General liability coverage - sometimes called commercial liability insurance - is critical for businesses that deal with the public. It gives you the peace of mind you need to focus on your business, plus it can make customers more confident about working with you.

Accidents happen, even when you try to do everything right. General liability insurance means that if the worst happens, you and your family won’t be held financially accountable for any resulting lawsuits, medical costs, and property damage.

Is General Liability Insurance Tax Deductible?

In general, your general liability insurance premiums are tax deductible. That’s because the IRS considers your policy premium to be part of your business costs, which are deductible. However, you should get advice from a tax preparer or an accountant if you’d like to learn more about deducting your insurance premiums from your business’s taxes.

Is General Liability Insurance Based on Payroll?

The number of employees you have in your company can play a role in how much you pay for business liability insurance. Think about it this way: The more employees you have, the greater the likelihood that they may end up causing damage in your office or on a client’s property.

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