General liability insurance will cover the financial losses which arose due to the damages of the property and the injuries which are resulted because of the insured or the employees of the company. It is a type of commercial insurance. This is used mostly in the places where the accidents take place in the presence of the insured. The public liability insurance will not cover the claims which are occurred at the delivery place. This type of insurance will provide the cover even for the destruction of other properties. Some limits are imposed by the cover.
According to the opinion of experts, the coverage extent will be around two million dollars to three million dollars. According to the risks and the size of the business, the extent or the price of the insurance may vary.
These are the different types of covers which come under this general liability insurance are
Personal and Advertising Injury: General offenses like slander, dispraise or violation of copyright laws can be covered by using this general liability insurance.
Medical Expenses: If any person gets injured at the premises of then insured, the in those the medical expenses will be covered by the general liability insurance.
Tenant's liability: If the insured rents the premises, if any accident occurs at that premises then those will be covered by the general liability insurance.
Employment Practices Liability: Defense costs are paid by the insurance company if the employees or the insured are caught by the law suits.
All these are the advantages which will occur when the person gets insured by the general liability Insurance. But the main drawback which is associated with this type of insurance is the premium costs are very large.
According to the opinion of experts, the coverage extent will be around two million dollars to three million dollars. According to the risks and the size of the business, the extent or the price of the insurance may vary.
These are the different types of covers which come under this general liability insurance are
Personal and Advertising Injury: General offenses like slander, dispraise or violation of copyright laws can be covered by using this general liability insurance.
Medical Expenses: If any person gets injured at the premises of then insured, the in those the medical expenses will be covered by the general liability insurance.
Tenant's liability: If the insured rents the premises, if any accident occurs at that premises then those will be covered by the general liability insurance.
Employment Practices Liability: Defense costs are paid by the insurance company if the employees or the insured are caught by the law suits.
All these are the advantages which will occur when the person gets insured by the general liability Insurance. But the main drawback which is associated with this type of insurance is the premium costs are very large.
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