General Liability insurance is one of the most all-encompassing policies on the market today – and for good reason. It provides coverage for liability issues resulting from personal and advertising injury, including medical expenses. Although many Business Owner Policies (BOP) do include liability coverage, it is often not enough to cover the costs that can come along with liability issues.
Accidents stemming from on-site mishaps, as well as any injuries or damages incurred as a result of using goods or services sold on-premises are addressed by general liability insurance. New York general liability coverage can be designed to cover supplemental payments for attorney fees, court costs and other expenses associated with a claim or the defense of a liability suit.
A common misconception of general liability insurance is that you have to own a multi-million dollar company in order to purchase it; this is NOT the case. All businesses should have general liability insurance. New York and New Jersey businesses are huge investments and should be protected from the damages of liability issues.
Your insurance agent can create a customized policy for you to include different types and amounts of coverage. The following coverage is often included in a NY general liability insurance policy: