General Liability Insurance helps protect your business from 3rd party claims that can happen as a result of normal day-to-day business operations, including third-party bodily injuries, medical payments, advertising injuries, property damage / data loss, and personal injuries. Without coverage, you’d have to pay for these damages out of pocket.
Although General Liability Insurance is not always required by law, many clients will only sign contracts with you if you do have general liability insurance. Additionally, it’s always a good idea because if you have a customer who sues your business while you don’t have coverage, it can easily put your business’ finances in addition to your personal assets at risk.