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 EXAMPLE
A customer in your store is suspected of shoplifting merchandise, and one of your employees detains them in the store while the police are called. The customer later sues for false arrest. General liability insurance protects you against third-party claims of defamation and potential legal action.
A customer is looking through a rack of clothes when the shelf above them collapses, hitting the customer and knocking them to the floor. The customer sustains a concussion and is taken to the hospital. General liability insurance protects you against third-party.
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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.