General Liability Insurance Vs Business Liability Insurance

Your assets will be protected by general liability insurance by providing a first line of defense from different claims which are caused by negligence or wrongdoing. Liability claims are covered by this insurance policy, these claims can arise because of bodily injury, property damage, personal injury and advertising injury. Compensatory and general damages are covered by this insurance company.

Business liability insurance is designed for you to keep your business in business by covering the cost of defending or settling claims.

The following basic categories can be covered by general liability insurance policy:

• Bodily injury: If there is any physical harm to an individual at your business place or if there is any injury to your employee who works at client's site, then it will be covered by this insurance policy.
• Completed Operations: If there are any losses while providing services to the customers or from manufacturing and distributing products, then such losses can be covered by this insurance policy.
• Personal injury: If there is any damage to the reputation or rights of a person or business because of the slander, libel, copyright infringement, invasion or privacy, false arrest, wrongful eviction, etc.

Advertising injury, medical payments can also be covered by general liability insurance policy.

Following coverage can be provided by business liability insurance:

• Compensatory damages: If there are any financial losses and additional monetary losses because of the claims then such losses can be covered by this policy.
• General damages: If there is any intangible losses, such losses can be covered by this Business insurance policy. It also covers penalties against your business for wrongdoing.

There is a slight difference between general liability insurance and business liability insurance policies.