General liability insurance protects your company from bodily injury and property damage claims related to your premises, operations, and products. Consider general liability the foundation of any cannabis business insurance program. In addition to claims of bodily injury and property damage, most general liability policies provide coverage for:
- Medical payments for minor no-fault injuries.
- Personal injury coverage for defamation, slander, and libel.
- Damage to your leased location for certain types of perils.
General liability pays for the legal costs of defending a claim, even if the allegation is groundless. It is important to understand, however, that not every type of liability claim is covered by general liability insurance. For example, claims related to professional services, advice, or counsel are not covered and should be insured under a professional liability policy. Claims caused by pollution, data breach, or employment practices liability are typically not covered but other policies are available.