What type of insurance protects businesses from claims of bodily injury, property damage, and personal injury?

General Liability Insurance is designed specifically to protect businesses from claims that involve bodily injury, property damage, and personal injury. This insurance coverage is essential for most businesses, as it addresses the risks associated with the day-to-day operations of a company, including accidents that may occur on the business premises or as a result of the business operations.

For example, if a customer slips and falls in a store, or if a client claims that they suffered emotional distress due to a business's actions, General Liability Insurance would provide the necessary financial support to cover legal fees, settlements, and medical expenses associated with those claims.

This type of insurance creates a crucial safety net for businesses against a variety of risks which can arise unexpectedly, ensuring they can operate without the constant fear of litigation over incidents that may be beyond their control. This makes it a foundational component of a business's risk management strategy. On the other hand, the other types of insurance mentioned, like Professional Liability Insurance, is geared towards protecting professionals from claims of negligence or malpractice, while Product Liability Insurance covers injuries or damages caused specifically by products sold by the business. Umbrella Insurance provides additional coverage above and beyond other policies but does not directly serve the same primary role as General Liability Insurance.