HURRICANE IAN NOTICE: To file a claim, please contact your carrier’s Claims Department directly. Please click here for a list of our carriers’ phone numbers.

Call Us 866-998-6155 ☰ ˟
calendar
File A ClaimRisk & Safety Advisors 866-998-6155
  • HOME
  • GET A QUOTE
    • HomeownersImage of right arrow
      • Homeowners Quote
      • Condo Unit Owners Quote
      • Renters Insurance Quote
      • Manufactured Home Quote
      • Mobile Home Quote
      • Builders Risk Quote
      • Vacant Property Quote
    • Automobile
    • Equine & Farm
    • Motorcycle
    • Trailer Insurance
    • Flood
    • Umbrella
    • Personal Watercraft & BoatImage of right arrow
      • Boat Quote
      • Yacht Quote
      • Jet Ski Quote
    • Golf Cart
    • RV's & MotorhomeImage of right arrow
      • Motorhome Quote
      • Travel Trailer Quote
      • ATV Quote
    • Condo Owners
    • Renters
    • Manufactured & Mobile Homes
    • Business & CommercialImage of right arrow
      • Builders Risk Insurance Quote
      • Commercial Auto Quote
      • Commercial Property Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Life & AnnuitiesImage of right arrow
      • Individual Life Insurance Quote
      • Mortgage Protection Quote
      • Key Person (Key Man) Quote
      • Disability Insurance Quote
  • FIND AN AGENT
  • JOIN US
  • ABOUT US
    • About Us
    • Our Locations
    • Employee Directory
    • Testimonials
    • Privacy Policy
    • Carriers
  • RESOURCES
    • Refer a Friend
    • Calculators
    • Insurance Glossary
  • Equine
    • Get A Quote
    • Equine & Farm
    • Events
    • Missy Sullivan
  • CONTACT
    • Contact Us
    • Join Our Newsletter
  • RISK & SAFETY ADVISORS
vintage home icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
vintage car icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
vintage boat icon

RV & Boat

We browse through a wide variety of coverages and find the right one for you.

Learn More
vintage briefcase icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
vintage horse icon

Equine

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > What Limits Should I Set on My General Liability Insurance Policy?
THURSDAY, MARCH 25, 2021

What Limits Should I Set on My General Liability Insurance Policy?

What Limits Should I Set on My General Liability Insurance Policy?

a group of people sitting at a table 

If you own a business, you likely have or need general liability insurance. General liability insurance covers common dangers related to bodily injury, property damage and personal or advertising injury. 

Most basic general liability policies cover $1 million to $2 million per occurrence. This means that if a lawsuit occurs, you may receive up to $1 million to cover that claim. 

Larger businesses generally need higher limits of general liability in order to protect against expensive lawsuits. Limits may also depend on specific requirements and industry. For example, your industry may require you to carry a certain amount of general liability insurance. You can carry higher limits than this requirement, but you cannot carry lower. 

Be sure to check the requirements for your industry as well as the frequency of claims. If you work in an industry with a high rate of liability claims (such as construction) you may need higher limits of general liability insurance in order to protect your business. 

How Much is Covered Under General Liability Insurance? 

A typical general liability insurance covers medical expenses in case of injury, property damage and related legal expenses in case of a lawsuit. For example, say a customer in your grocery store is walking down the aisle. A heavy jar from the top shelf falls and hits the customer’s head, making them bleed and giving them a concussion. 

They are rushed to the hospital, and later try to file a lawsuit against your retail store for negligence. General liability insurance will help cover their medical costs, such as the hospital stay and treatment. If the customer still decides to sue for more money, general liability can offer compensation for the business’ legal fees, court costs, defense expenses, settlement costs and more. 

Is General Liability Insurance Required? 

As a rule, general liability insurance isn’t typically required by any state or federal law. However, you may be required to carry this insurance by certain industries in order to obtain licenses or a landlord if you rent a property. Even without a requirement, general liability insurance is crucial for protecting everyone who interacts with your business along with the business itself. 

Speak with an insurance agent to discuss your general liability insurance needs and requirements. Every business is different and you will need coverage tailored for your industry and unique business’ needs.

Posted 5:51 PM

Tags: general liability insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020

  • insurance(23)
  • coverage(21)
  • commercial(9)
  • policy(7)
  • liability(7)
  • general(5)
  • homeowners(4)
  • business(4)
  • car(4)
  • auto(4)
  • life(3)
  • accident(3)
  • whole(3)
  • terms(3)
  • boat(3)
  • small(3)
  • workers(3)
  • retirement(3)
  • watercraft(3)
  • compensation(3)
  • workers compensation(2)
  • life insurance(2)
  • auto insurance(1)
  • vehicle(1)
  • general liability insurance(1)
  • restaurant(1)
  • atv(1)
  • requirements(1)
  • damage(1)
  • rv insurance(1)
  • powersport(1)
  • liquour(1)
  • workers comp(1)
  • flood(1)
  • homeowners insurance(1)
  • driveway(1)
  • home(1)

View Mobile Version

Resources

  • Products
  • Customer Service
  • Payment Options
  • Report a Claim
  • News
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Corporate Office

250 Royal Palm Way
Palm Beach, FL 33480

P: 239-274-9200 | Toll-Free: 866-998-6155 | Fx: 239-791-8643
© Copyright. All rights reserved.