General Liability Insurance Law and Legal Definition

General liability insurance is one type of business insurance which covers legal hassles occurred due to accident, injuries and claims of negligence. These policies protect against payments as a result of bodily injury, property damage, medical expenses, libel, slander the cost of defending lawsuits, settlement bonds or judgments required during an appeal procedure. These policies cover financial loss occurred when someone is injured as the result of using the product manufactured or distributed by a business, or when someone is injured in the general operation of a business.