What is General Liability Insurance?

General Liability Insurance, particularly applicable to the construction industry, is a specific type of coverage that safeguards construction businesses against financial losses due to liability claims. These losses may arise from bodily injuries or property damages that occur on the construction site. It can also extend to cover slander, defamation or false advertising claims. Moreover, in the event of any such undesired incidents, the insurance policy is responsible for handling lawsuits and paying out the settlements. However, it's essential to note that general liability insurance doesn't cover damages due to professional errors or employee injuries; these would fall under professional liability insurance and workers' compensation, respectively.