General liability insurance is, as the name suggests, extremely general. It essentially covers the basic needs and requirements set forth between the insurance company, and as agreed upon by the policy holder. Exclusions, then, are what would not be covered by general insurance, and as such, could potentially leave the policy holder at risk.
Why Isn't General Insurance Enough?
As mentioned, general liability insurance only covers a specific amount, as set forth by the insurance company. This would not cover any exclusions that might apply. For example, if you are in the real estate industry and you want to flip a property and therefore need to hire a contractor, general insurance will not cover contractor lawsuits or injuries. This is because you need a separate contractor liability insurance policy to ensure coverage.
In another example, if you are in the food and beverage industry and you sell liquor liability, then you may need liquor liability insurance, especially if you sell more than 50% alcohol. General liability insurance simply may not offer coverage. Thus, if you have a patron that leaves leaves your facility drunk, and then gets into a car accident, you may be liable.
What Do You Need Beyond General Insurance?
In short, general liability insurance is extremely broad and, as mentioned, it may not be enough to offer enough coverage, should a discrepancy occur. This means that you need specific additional coverage that would maintain coverage for your specific industry. As mentioned, if you are in the food and beverage industry, you may need liquor liability and so forth. No matter what commercial industry your business resides in, we can find the right insurance for you.