General liability is an umbrella term that describes a wide range of different types of personal injury, property damage and other claims that occur as the result of negligence on the part of a business or professional organization. Business general liability insuranceis usually a fairly broad category of insurance coverage that provides general liability protection for personal injury claims. It may also provide liability protection for medical malpractice, product liability, products liability, and environmental liability. While liability coverage can protect your company from paying a large amount of money to a victim of your negligence, it is important to understand that this coverage will not provide any type of financial protection against lawsuits. In fact, even if the business meets their legal requirements and the plaintiff wins a lawsuit against the business, they will only be able to collect a portion of the actual damage that was incurred during the time that they suffered the injury. If you do not meet your legal obligations under the law, the plaintiff will have no way of recovering their lost wages or other compensation. The key advantage to general liability coverage is that it protects you against all risks that could potentially impact your business. Although it does not provide any protection against lawsuits, general liability coverage can significantly reduce your losses in the event of major accidents, fire outbreaks and other hazards that could impact your customers and employees. For example, a restaurant owner may want to consider purchasing insurance to protect themselves from major losses should their restaurant burn down because of a malfunctioning fire alarm system or similar issue. Of course, liability coverage alone will not protect a business from lawsuits that result from negligence or other factors. In many instances, you will be required to take part in specialized litigation support programs in order to properly defend your company and your assets. If you are sued, general liability coverage will only cover the extent of the claim. It will not cover your own personal losses in the event that the lawsuit is unsuccessful and you are found to have been responsible for the accident or injury. There are several ways that you can minimize the costs associated with your business liability insurance. First, you can obtain separate liability insurance for each and every aspect of your business operation, including your office space, the machinery and tools used by your staff, as well as any equipment that you have installed on your premises. Additionally, you can combine multiple types of coverage into one policy so that the cost of one policy is offset by the savings from having multiple policies. Another strategy is to purchase general insurance that covers both your business and personal liabilities. By doing this, you will not only reduce the overall cost of your business insurance, but you will also have an additional layer of protection for any claims that you might need to file against your business. This will allow you to ensure that you are adequately covered to avoid the overwhelming costs associated with litigation. but you will also have an additional layer of protection for any claims that you might need to file against your business. This will allow you to ensure that you are adequately covered to avoid the overwhelming costs associated with litigation. but you will also have an additional layer of protection for any claims that you might need to file against your business. This will allow you to ensure that you are adequately covered to avoid the overwhelming costs associated with litigation.