Example: A customer slips and falls inside a retail store, suffering injuries. The business’s GLI policy would cover medical costs and legal defense if the customer files a lawsuit.

2. Property Damage Liability

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Businesses are liable if their operations cause damage to someone else’s property. This coverage helps pay for repairs or replacements.

Example: A contractor accidentally damages a client’s furniture while working on renovations. The insurance policy would cover the cost of repairing or replacing the damaged item.

3. Personal and Advertising Injury

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This includes claims related to libel, slander, copyright infringement, and misleading advertising. Businesses that rely on marketing and advertising should ensure they have adequate coverage.

Example: A competitor sues a business for defamation due to misleading claims in an advertisement. GLI can cover legal costs and potential damages.

4. Legal Defense and Settlements

GLI provides coverage for legal fees, settlements, and court-ordered judgments, even if the claims against the business are unfounded.

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