The Key Differences Between Public and General Liability Insurance

General Liability Insurance

The right insurance plan can make all the difference when it comes to the long-term success of your business. Unfortunately, new business owners don’t always know the intricacies of selecting a comprehensive plan. For example, it can be difficult to know the nuanced differences between plans for public and general liability. Consider these points to get a better feel for which plan will fit your specific needs.

How GLI Differs From PLI

The main purpose of public liability insurance is to protect a business owner and his or her assets in certain circumstances. Common situations can include theft of property, damage caused to assets from fire, or an injury incurred by a visitor to the premises of a company. While this is considered a useful type of coverage, it still leaves a few significant gaps. This is where general liability comes into play. With GLI, the business owner is protected when employees are injured while working or in the event a product is defective. Key differences between these plans include:

  • Who is covered
  • Which scenarios are included
  • Whether a policy is mandated by local law

Selecting the Right Insurance

There are many important points to focus on when it comes to selecting appropriate insurance for a business. Learn more about the key differences between public liability and general liability plans to pick the right fit for your future.