General Liability Insurance protects you against suits or allegations, by a third party, that your actions caused them bodily injury and/or property damage. Most lease agreements and grant specifications require general liability coverage be in force.
Please note, property and liability insurance, as described above are often combined onto what’s call a Package or BOP (Business Owners Policy).
Its also important to note, most General Liability policies exclude improper sexual conduct or Sexual Abuse, Liquour Liability and Professional Liability. These coverages can be endorsed onto your policy, but are not usually included.