What is a general liability insurance policy?

A general liability insurance policy is a type of insurance policy that provides coverage for risks associated with business operations. It covers claims made against a business by third parties for bodily injury, property damage, personal injury, and advertising injury. In the state of Mississippi, this type of insurance policy is often referred to as a business liability policy. In a general liability insurance policy, an insurer will cover the costs related to lawsuits brought against a business. This includes legal fees and any financial settlement that is required. The policy will also provide coverage for any medical expenses related to a bodily injury and any damages to another individual’s property. The policy will usually stipulate a maximum amount that the insurance company will pay for any claim. If the costs associated with the claim exceed the amount set in the policy, the business will be liable for the difference. Having a general liability insurance policy in place can help protect a business from financial loss if a lawsuit is brought against them. It can also provide peace of mind for a business knowing that they are covered for any potential lawsuits. Having the right policy in place can save a business time and money if they are ever sued.

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What is a general liability insurance policy?

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