General Liability Insurance in Knoxville, TN
No business runs without risks. Many often encounter unexpected incidents, such as customer injuries and property damage, that lead to significant expenses. So it’s crucial to have general liability insurance or commercial general liability (CGL) insurance. This policy may help your business avoid financial strain by covering liabilities. Without it, minor issues could escalate and jeopardize your operations or reputation. 
Who Needs General Liability Insurance?
Almost every business can benefit from general liability insurance. This coverage is crucial if your business interacts with customers or the public. Retail stores, restaurants, contractors, consultants and home-based businesses face potential risks in their daily activities.
For example, you could be held responsible if a visitor to your workshop trips over equipment and sustains an injury, or if your crew member accidentally damages a client’s property. In such instances, general liability insurance may help handle medical bills, repairs, and legal defense costs.
What Coverages Are Included?
Basic CGL policies typically include coverage for the following:
- Third-party bodily injury may cover expenses like medical bills if someone gets hurt on your business premises.
- Property damage may pay for accidental damage your business causes to someone else’s property.
- Advertising injuries may help with claims of libel, slander or copyright infringement in your advertising.
- Legal costs may cover attorney fees, court costs and settlements related to covered claims.
Speak with an insurance agent to help assess your risks and identify the coverage that best fits your business and financial situation.
Contact Us
Contact Ace Insurance Consultants today to learn how general liability insurance can benefit your business. Our experts will guide you through the options to find a plan tailored to your needs.