General Liability Insurance versus Public Liability Insurance

When it comes to liability insurance, one size does not fit all. Although they are very different, many people don’t understand the difference between general liability and public liability. Depending on the kind of work you do those differences can be crucial to limiting your responsibility for paying out expensive claims.

General Liability

General Liability Insurance is a broad type of coverage. Its one of the most common types of business coverage and most businesses will require their contractors to carry it. It can protect you and/or your company from liability associated with things like defective products, negligence, or any injuries that happen while vendors are on site. These days more and more companies are requiring that their vendors carry at least $1 million dollars of general liability.

Public Liability

Public Liability Insurance, or PLI Insurance, is designed to protect your company from losses or damages that members of the public cause while they are on your property. Vandalism, for example, might be something that could be covered under public liability. This coverage may also cover medical costs for members of the public if they are injured on your premises. You can find more information about GLI and PLI insurance at www.usrisk.com/.

Liability insurance isn’t simply a good idea anymore, it’s a necessity. It’s a good idea to talk to a specialist if you have any concerns about what coverage would be best for you.