What Expenses are Typically Covered by a General Liability Insurance in NJ

It is not wise to skimp on your general liability insurance in NJ. Business owners who fail to get adequate coverage may find themselves in financial distress if a liability lawsuit should occur while they are uninsured. General liability usually applies to injuries on the premises that involve non-employees such as customers. What can this coverage be applied to? The exact details and inclusions vary from policy to policy, but the following expenses are typically covered by general liability.

• The medical bills of the injured party may be paid for if you are determined to be liable.
• Your legal fees, the cost of your attorney, as well as any bills submitted by the court could be covered by your general liability insurance as well.
• Should a jury determine you are responsible for injuries received at your business, you may be forced to pay the victim monetary compensation, which is typically referred to as “damages”. Your insurer may assist you in these payments.
• Your business may also receive aid for the expenses or losses it experiences because of the injury, such as transportation costs, lost profits, lost productivity, and the loss of any property damaged in the incident.

How would your business fare if it had to cover all the above expenses on its own? Do not risk the financial future of your business. Protect your investment by purchasing general liability insurance in NJ. Entrepreneurs will be glad they did if an accident on business premises ever leads to a law suit.

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