Based on Hiscox claim data from 1/1/2016-1/10/2019
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:
As a plumber, you are hired to fix a leak
in a client’s home. While working, you accidentally drop a large wrench and severely damage your client’s new hardwood floor. General liability insurance protects you against third-party claims of property damage, and would cover the cost to fix it.
A client hires you to build new shelves in her closet. You rest your drill on the floor while you take some measurements, and when the client comes to check on your progress, she trips over the drill, falling and breaking her wrist. General liability insurance protects you against third- party claims of bodily injury, associated medical costs, and potential legal action.
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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.