In the complex world of business, protecting your assets and ensuring the longevity of your enterprise is paramount. One of the critical ways to achieve this is through general liability insurance. This type of insurance is designed to safeguard businesses from a variety of claims that can arise from day-to-day operations. In this blog, we will delve into five essential aspects of general liability insurance: its coverage scope, its importance for businesses, the limitations it carries, its legal implications, and the factors affecting its cost. By the end of this blog, you’ll have a clear understanding of why general liability insurance is a crucial component of any business’s risk management strategy.