General Liability Insurance in Anderson, SC

Running a business comes with inherent risks, sometimes leading to costly liability situations. General liability insurance is a financial safeguard for businesses, offering protection against potential lawsuits and financial losses. Acquiring and maintaining this insurance can help ensure your business’s stability and peace of mind, regardless of size or industry.

General Liability Insurance and What It Covers

General liability coverage is a contractual policy designed to protect your business from various common incidents that may lead to financial loss. This coverage can make a significant difference by offering financial protection and mitigating the impact of unexpected events.

Although the specifics of your policy may differ, this type of insurance may generally include the following coverages:

• Bodily injuries—If a third party, such as a customer or guest, is injured due to your business’s operations, your policy may help pay for their financial losses.
• Property damage—This part of general liability coverage may assist in repairing or replacing the damaged property of other parties, such as neighboring businesses and clients.
• Personal and advertising injuries—This component of your coverage may help limit out-of-pocket losses if you are to blame for reputational harm or personal injuries affecting others, such as slander, libel and invasion of privacy.

Is General Liability Insurance Required by Law?

In South Carolina, general liability insurance is not mandated by state law for all businesses. However, certain industries and professions may have specific requirements, and many clients or contracts might necessitate this coverage. Having the right policy in place can satisfy legal requirements and enhance your business’s credibility and attractiveness to potential partners and customers. Your Select Insurance representative can help you navigate your unique insurance needs.

How Much Does General Liability Insurance Cost?

The cost of general liability insurance varies based on several factors unique to your business. Insurers typically assess the following elements when determining your premium:

• Location
• Industry
• Workforce size
• Years in business
• Claims history
• Policy details (e.g., endorsements and coverage limits)

We’re Here to Help

At Select Insurance in Anderson, SC, we are dedicated to helping businesses secure the right general liability coverage at the best possible rate. Contact us today at 864-964-0622 to get started and ensure your business is financially protected against unexpected liabilities.