Business insurance is important for entrepreneurs to protect their investments from potential risks. With the right insurance plan, entrepreneurs can ensure they are covered if something unexpected could jeopardize their business. This article guides you through selecting the right insurance coverage to meet your business needs and protect you from potential risks.

What Is General Liability Insurance? 

General liability business insurance protects your company from various potential mishaps and accidents. It provides legal and medical expenses, property damage, and bodily injury coverage. This type of insurance is like an umbrella in that it covers many different scenarios. 

For instance, if a customer slips and falls in your store and injures themselves, general liability insurance would cover any legal and medical costs incurred if they decide to sue you. 

Why You Need General Liability Insurance

Having your own business carries a lot of risks and potential problems. It is wise to invest in general liability insurance as a form of protection against these risks. It is like building a strong defense in a football game, where the offense is only part of the strategy. Liability insurance will help protect you from being sued, even if the claims are unfair. It is important to ensure you have the right coverage, and an insurance agent can help you determine how much you need.

What General Liability Insurance Covers

General liability insurance safeguards your business from potential losses and liabilities related to property damage, legal fees and medical costs, and bodily injury. It may also provide protection should your business be held accountable for any damage to leased property.

General liability insurance does not protect against every kind of loss. It does not cover employee injuries, poor craft, professional mistakes, intentional acts, or auto-related accidents. Depending on your business type, you can get additional coverage in the form of endorsements, such as liquor liability, which will protect you from claims related to serving or selling alcohol. Speak with your insurance agent to determine what endorsements you may need.

How Much General Liability Insurance Costs

The cost of general liability insurance will vary depending on the size of your business, its location, the industry you’re in, and the level of risk it carries. For instance, businesses with much customer contact will typically have higher premiums than businesses that operate solely from behind the scenes. 

The total amount of coverage you choose to purchase will also affect the price; the higher your policy limit, the more you’ll pay for your premium. Generally, most small businesses purchase a plan with a $1 million per claim limit and a $2 million aggregate limit, which will cover the policy’s life, usually one year.


General liability insurance is an important insurance that can help protect businesses from various risks. It provides coverage for bodily injury, property damage, and other liabilities that may arise from the operation of a business. It also helps to protect businesses from potential lawsuits, which can be extremely costly. Businesses should purchase a sufficient amount of general liability insurance to ensure that they are adequately covered for their businesses’ risks.

Pascal Burke Insurance Brokerage Inc. are specialists in an array of policies that cover not only general cases but also specialty contractors. You won’t have to worry about breaking the bank with our great rates! If you need general liability insurance in Charleston, SC, we’ve got you covered! Get in touch with us today!