General Liability in Coeur d’Alene, Hayden Lake, Post Falls, Sandpoint, Spokane, and Spokane Valley
General liability insurance, also known as commercial general liability insurance, can help protect your Sandpoint business if someone sues you for causing property damage or bodily injury. You can get this insurance as a standalone policy or bundle it with other coverages, often referred to as a Business Owner’s Policy. General liability insurance is a great start for covering your business, and the professionals at Inland Insurance are ready to help you get the right coverage for your Spokane Valley business.
What Does Commercial General Liability Insurance Cover?
Having a general liability insurance policy can be the most important insurance you can get for your Coeur d’Alene business. That’s because a liability claim can be devastating to your business. And if you don’t have the money to cover a claim, you may have to close your business’ doors for good. Having general liability insurance helps to cover those costs of that claim.
There are several items that your general liability insurance policy will cover to help protect your Spokane business. One of these is third-party bodily injury, and this is when someone sues your business due to being injured on your business property. General liability insurance can help cover the costs of the lawsuit and pay medical bills.
A second item is third-party property damage. This is when you or an employee damages someone else’s property, for example accidentally breaking a neighboring business’ window. A third item can be reputational harm. This happens when someone sues your Post Falls business for libel or slander. You may have written something (libel) or said something (slander) about a competitor or a competitor’s product, and that competitor sues you claiming reputational harm from those libelous or slanderous statements. General liability insurance can help cover those costs.
A final item is advertising injury. This might occur if a competitor claims that your advertising is too similar to their advertising. They can claim that your advertising is hurting their business, and general liability insurance can help with the costs of this claim.
Generally, general liability insurance helps with the costs associated with legal teams that help represent your Hayden Lake business, witness fees if they are needed, evidence costs to prove your side, and dealing with any judgments or settlements that result from filed claims. And while general liability insurance isn’t required by law, as you can see it can make a huge difference for your business, possibly even making the difference between keeping the doors open and closing down for good. Call Inland Insurance today to get general liability insurance in place for your business before anything bad happens.