Liability Insurance Coverage Definition. Get all your commercial general liability insurance questions answered by the experts at the hartford. It may also cover you if you are held liable for damages to your landlord’s property.
The truth is, liability insurance is an essential part of an insurance plan. The more liability coverage you have, the less you’ll have to pay out of pocket if you. The construction business is a very aggressive and demanding industry wrought with the possibility of injury while on the job.
This coverage provides protection for accidents you are liable for that occur inside or outside your home and result in bodily injury or property damage.
General liability insurance is defined as coverage that can protect your business from lawsuits claiming bodily injury, property damage, libel or slander. For cases of serious property damage or injuries, settlements and court judgments can easily bankrupt a small business. It protects directors and officers from lawsuits filed by shareholders, regulators, state investigators, or other third parties. The more liability coverage you have, the less you’ll have to pay out of pocket if you.