General Liability insurance, often called business insurance, is the most commonly purchased insurance tool to shield the assets of a business from something it did, or failed to do, in order to prevent an injury or damage to property. General Liability insurance can help manage the risks of performing business as usual. Since building a company takes hard work and immense dedication, it’s vital to protect your business and its assets from losses and liability risks that come with running any organization.

Liability insurers have two, in some cases three, major duties and they are to defend, indemnify and, in some jurisdictions, settle a reasonably clear claim. General Liability insurance can be purchased by itself or bundled together in a business-owners policy, known as a BOP, with other coverages such as property.