What is general liability insurance?
General liability insurance, also referred to as ‘commercial general liability’ (CGL) insurance or ‘business liability insurance,’ protects a business against the risk of accidents like bodily injury and property damage that happen to a third party.
CGL is the most essential insurance for a business. If you don’t have it and something happens while you’re on the job, one big claim could cost enough to put you out of work. With general liability insurance, you’ll have the protection you need to stay focused on building your business.
Why do I need general liability insurance?
It may not sound like it, but in insurance, we know a thing or two about parties.
Most parties are laid-back, but third parties—like your clients and customers—can be quick to sue you for things that aren’t your fault. Not so fun. For that reason and so many more, the cost of a liability insurance policy is negligible when you compare to what it’s worth.
Imagine you’re a general contractor. Your average workday includes a lot of risks: falling beams, live wires, even getting paint on your client’s blouse when you go to shake their hand. Everything that could go wrong is another reason why you need general liability coverage.
No matter your profession, if you serve your clients face-to-face at your place of work, their place of work, or any third-party location, you need general liability too.
How much does general liability insurance cost?
The cost of a CGL policy with Thimble is based on just a few things: what you do, where you work, how long you need coverage, and the size of your team. Your industry determines how much you’re exposed to risk, as some jobs come with a higher likelihood of physical injury or property damage.
Thimble makes general liability insurance affordable with Monthly and On-Demand plans that you can start, pause, and cancel at any time. No deposits and no hidden fees.