General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord's property.
General liability insurance helps protect you from claims that your business caused bodily injury or property damage. It can also protect you if someone sues you for advertising injury. Commercial property insurance covers your business' physical location and equipment, whether you own or lease it.
A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees. It covers non-professional negligent acts.
The main difference between general liability and professional liability is in the types of risks they each cover. General liability covers physical risks, such as bodily injuries and property damage. Professional liability covers more abstract risks, such as errors and omissions in the services your business provides.
General liability insurance is a traveling insurance as it does “follow” a business — and a business owner — wherever they may go. While it doesn't cover every possible peril, it can save a business from financial and professional disaster.
Who needs professional liability insurance?
What Professional Liability Insurance Does Not Include. Coverage does not include criminal prosecution, nor all forms of legal liability under civil law, only those listed in the policy. Cyber liability, covering data breach and other technology issues, may not necessarily be included in core policies.
Professionals that operate their own businesses need professional liability insurance in addition to an in-home business or businessowners policy. This protects them against financial losses from lawsuits filed against them by their clients.
Professional liability insurance is a type of business insurance that provides coverage for professionals and businesses to protect against claims of negligence from clients or customers. Professional liability insurance typically covers negligence, copyright infringement, personal injury, and more.
Professional liability insurance is business insurance that protects you if a client files a lawsuit over an alleged or actual mistake or bad piece of advice. Types of professional liability insurance include errors and omissions insurance and medical malpractice insurance.
When a dissatisfied client sues over a mistake made by your business, professional liability insurance can cover the cost of legal defense, including the cost of hiring a lawyer.