Home » Insurance » Insurance Marketing » What Does Your General Liability Insurance Cover?

general liability insurance in New Mexico

What Does Your General Liability Insurance Cover?

When you talk to an insurance professional about your business owner’s insurance package, one of the first things he or she is likely to discuss with you is general liability. Your general liability insurance in New Mexico is designed to protect your business if people are injured or property is damaged as the result of actions or oversights by you or your employees.

If you run a business out of a physical location, the possibility of accidents is present. Liability policies are mainly designed to cover legal fees and any settlements awarded against your company should an accident occur. For example, if a customer falls and gets hurt on your property, that customer can sue your company for the medical bills that result from that injury. In that case, your general liability insurance in New Mexico is likely to cover not only the cost of your legal fees but also any settlement that the injured party is awarded by the court.

While your insurance agent may suggest additional coverage that protects businesses in your specific industry, a general liability policy is a great starting point. It can protect you from many incidents for which your company can be found liable and save you a great deal of money in the long run.