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    Georgia General Liability Insurance

    When starting a new business, it is crucial to understand your state's business insurance regulations, as business insurance is required in the majority of states. Georgia has been voted the greatest state for business for five straight years and is the eighth 8th best state to start a business in the United States. 97% of Georgia's companies are comprised of small businesses. Insurance providers have served thousands of small businesses in Georgia for more than a century and can assist you with meeting Georgia's insurance needs for small businesses.

    Minimum Business Insurance Requirements In ​​Georgia 

    In Georgia, commercial liability insurance is not required for businesses. Accidents and lawsuits (both real and spurious) continue to occur in Georgia, and there is currently no limit on the number of compensatory damages that can be received. The maximum amount of punitive damages is $250,000 unless the claimant can prove that the defendant intended to inflict harm. If you own property or other valuable assets, it would be prudent to purchase adequate commercial general liability insurance for your Georgia business in order to limit your risk exposure.

    How Much Liability Insurance Should You Carry in Georgia?

    Liability Insurance

    The amount of Georgia commercial general liability insurance you need will be determined by the type of business you operate or the goods you manufacture. The optimal revenue range for the majority of small businesses is between $500,000 and $1 million. However, if your business is high-risk or has a large volume of public engagement, such as a restaurant or retail store, you should consider expanding your coverage. Remember that your homeowner's or renter's insurance has limited coverage for business liability and loss if you operate out of your property.

    What General Liability Insurance Cover In Georgia

    General liability insurance provides coverage for typical third-party liability claims (people outside your business).

    If someone sues you for property damage, bodily injury, or advertising injury, commercial general liability insurance will cover your legal fees. Your policy can cover the cost of employing an attorney as well as court-ordered verdicts and settlements.

    Other Insurance Types

    The premiums for general liability insurance in Georgia are determined by several criteria, including the services or products you offer, the number of employees you have, the length of time you've been in business, and your claims history. Typically, coverage is limited to a specified financial amount during the policy period.

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    Assured Standard will protect your business with the right insurance, depending on your needs. Now more than ever, it’s crucial to have the right general liability insurance experts on your side. Protecting the future of your business starts today.
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