How General Liability Insurance Can Cover Lawsuits 

One of the most significant threats that business owners face is the risk of a lawsuit. A legal claim can disrupt your operations and impact your bottom line. That is why general liability insurance is a cornerstone of risk management for many businesses in Mississippi.

What Is General Liability Insurance?

General liability insurance can help your business manage the financial consequences of third-party claims of bodily injury, property damage or personal and advertising injury that may result from your business activities. While not legally required in Mississippi, many clients or contracts may mandate that businesses carry a certain level of general liability insurance.

How Does General Liability Insurance Shield Your Business?

General liability insurance may help reduce financial stress by:

• Covering legal defense costs if your business is sued after third-party injuries, property damage, or personal injuries
• Paying settlements or judgments if you’re found liable
• Handling medical expenses for injuries that occur on your property
• Addressing claims of libel, slander or copyright infringement

Common scenarios that general liability insurance may cover include a visitor getting injured after tripping over equipment at your store, accidental damage to a client’s property during a service call, or allegations of false advertising.

How Much Does a Policy Cost?

The price of general liability insurance varies widely based on numerous factors, including your industry, workforce size, location, coverage limits and claims history. Lower-risk businesses, such as those with minimal customer interaction, typically pay less, while industries with higher exposure to injuries or property damage tend to pay more.

Get Covered Today

Contact Jarrard Insurance Inc today for more guidance on general liability insurance. Our agents are ready to answer your questions and provide you with a personalized 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.