Which coverage protects a business from lawsuits arising from injury on their premises?

General liability coverage is designed specifically to protect businesses from claims related to bodily injury, property damage, and personal injury that occur on their premises or as a result of business operations. This type of insurance provides financial protection against lawsuits that may arise due to various situations that lead to injury or damage, such as slips and falls, customer injuries, or accidents involving clients while they are on the business premises.

This is crucial for businesses, as legal fees, settlement costs, and judgments can be significant. General liability coverage typically includes provisions for legal defense costs, which can be essential for a business facing a lawsuit. The nature of this coverage makes it distinct from other types of liability insurance that focus on different aspects of business risk. For example, professional liability focuses on errors and omissions in professional services, whereas workers' compensation protects employees injured on the job rather than addressing claims from external parties. Product liability pertains to injuries caused by defective products sold or manufactured by the business. Therefore, general liability coverage is the most relevant and comprehensive option when it comes to protecting a business from lawsuits due to injuries on its premises.