General Liability Insurance in ,

Even in the city that never sleeps, businesses may be caught unprepared. Accidents and incidents may occur regardless of how diligent your company is in attempting to prevent them, making adequate loss control measures a necessary precaution. Incidents, where your business may be liable for other parties’ losses, could be particularly damaging. Such potential consequences should be top of mind as you consider your general liability insurance needs.

What Is General Liability Insurance?

General liability insurance, or commercial liability insurance, is a core component of most companies’ coverage portfolios. These policies can provide valuable financial protection from many common risks and perils that may affect your organization. If a third party, such as a customer, guest or passerby, is involved in an incident caused by your employees or operations, general liability coverage may be crucial in limiting out-of-pocket losses.

What Does General Liability Insurance Cover?

In most cases, general liability insurance includes coverage for the following:

• Bodily injury—Your policy may compensate third parties for medical expenses, reduced income and other financial losses resulting from injuries for which you were liable.
• Property damage—If your business was at fault for damaging or destroying another party’s property, this part of your general liability insurance may help pay for repair or replacement costs.
• Personal and advertising injury—This component of your policy may provide financial assistance for financial losses if you are responsible for personal and advertising injuries (e.g., false advertising, slander, unintentional copyright infringement, etc.).

Why Do You Need General Liability Insurance?

The financial protection and peace of mind provided by general liability insurance may be an invaluable investment for businesses of all sizes and sectors. Bearing responsibility for third-party losses can have devastating financial consequences; no company is entirely immune to these risks, especially amid the fast pace of New York City. Unfortunately, some incidents may be inevitable, and lacking coverage could leave your business facing irreparable ramifications for its finances and future.

Get the Right Coverage

With a track record of service dating back over 25 years, the dedicated staff at John Murphy Insurance is well-equipped to manage the coverage needs of New York City businesses. We will use our extensive knowledge and experience to assess your circumstances, explore your options and assemble an optimal general liability insurance policy. Contact us today to get started.