General Liability Insurance is also known as commercial liability insurance and covers general liability of the business. It is a broad coverage. It is a good practice that every business has a general liability insurance policy in place. In addition to the general policy, there are enhancements that you can add to a business policy such as:
Directors and Officers Insurance – Covers neglect of directors and officers for misleading statements that result in a lawsuit.
Employee Practices Liability Insurance (EPLI) – Covers employers from lawsuits stemming from non-injury related claims such as sexual harassment, discrimination and termination.
Professional Liability Insurance (Errors and Omissions) – Covers professional negligence and errors that injure their clients in some way.