If you're a small business owner, then you probably spend the majority of your time trying to grow your company while also trying to avoid risks and issues that could derail your success. One of the best tools for helping you mitigate some of these risks is having the right kinds of Commercial Insurance in place, especially General Liability coverage.

In today's blog post, we'll explore the basics of General Liability coverage and answer some of the most common questions business owners have about this policy. Then learn why so many businesses across Texas choose Aegis Insurance & Financial Services for their business insurance needs.

What Does General Liability Insurance Cover?

A General Liability policy is designed to protect companies against common liabilities such as:

Bodily Injury: If a customer, vendor, or third party is injured on your business property and files a lawsuit against your business, General Liability Insurance can cover their medical expenses, as well as your legal fees. The policy may also cover any legal settlements or judgments issued against your business for damages.

Property Damage: General Liability also covers any accidental damage to someone else's property caused by your business operations or employees. For example, if your restaurant waiter accidentally spills a drink on a customer and ruins their clothing, or your auto shop employee damages a customer vehicle, General Liability Insurance can cover those losses.

Reputational Harm: This policy can also help protect your business against claims of defamation, libel, slander, copyright infringement, or invasion of privacy. If your business makes a promotional video that slanders a rival company, or creates social media content that uses copywritten material, General Liability covers the legal costs and settlements that could result from a lawsuit.

Why Does Your Business Need It?

General Liability Insurance is one of the most common types of Business Insurance carried across the country. No matter how safe your workplace may be, or how well trained your staff is at all times, accidents and unexpected events can still happen at any time.

In addition, businesses are often required to carry it for two primary reasons: in order to rent a commercial space and to submit work bids for specific clients or projects.

Commercial landlords typically require applying businesses to demonstrate proof of coverage before they allow a business to rent a commercial property. For certain government entities or large clients, they may require companies to show proof of coverage before being allowed to submit a bid for services.

Also, without this crucial coverage, a single lawsuit can decimate the business you've worked hard to build and grow. One lawsuit can cost your business tens of thousands of dollars in legal costs, medical expenses, settlements, fees, and lost time and productivity, all out of pocket.

The protection from General Liability ensures your business has the financial and legal resources needed to protect against lawsuits while being able to focus on running your business.

Protect Your Business Through Aegis Insurance & Financial Services

The biggest way to protect your business is to make sure you're covered by General Liability coverage from Aegis Insurance & Financial Services. Our team of experienced agents can analyze your company's specific needs and create a tailored insurance solution that provides comprehensive coverage and stays in your budget.

Contact our office today at 713-850-7622 to speak with an agent, or fill out our online form to request a free quote!