Based on Hiscox claim data from 1/1/201-1/10/2019
GENERAL LIABILITY (GL)
Protects your business from a third party’s claims of bodily injury, property damage, and personal injury like slander and libel.
BUSINESS PERSONAL PROPERTY COVERAGE (BPP)
Available as an add-on to a GL policy, Business Personal Property Coverage covers accidental damage to your personal business property on premises (e.g. computers, printers, tablets, and office furniture). Coverage is also provided for property off-premises, such as laptops, mobile phones, tools and other equipment.
GL CLAIM EXAMPLES
Third-party property damage:
A client hires you to replace several doors inside their home. While working, your employee drops one of the doors and it lands on a collection of antique figurines, smashing several of them. General liability insurance protects against third-party property damage, and would cover the cost to replace the items.
While you are installing a central air conditioning system, the homeowner trips and falls over a piece of your equipment. This accident results in the homeowner breaking his arm and spraining an ankle. You may be liable for the homeowner’s medical costs, but general liability insurance protects against third-party claims of bodily injury, associated medical costs, and potential legal action.
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Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services.
This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.