However, the main difference is that personal liability insurance covers injuries or damages for which the insured is personally responsible, while the general liability policy, which is also called commercial general liability insurance, pays the costs incurred for bodily and material damage associated with a. Public liability insurance covers injuries suffered by visitors to your business property. General liability coverage is broader and includes visitor injuries, employee injuries, and damage from defective products. Nationwide, Nationwide N and Eagle and other brands that appear on this page are service marks of Nationwide Mutual Insurance Company, unless otherwise stated.
If you are found responsible for injuries or property damage, personal liability protects your current and future assets, which could otherwise be taken from you as part of a settlement. Liability insurance or PLI covers injuries and damage suffered by third parties at your company's facilities. As the name suggests, personal liability insurance covers a person against liability claims arising from bodily injury or property damage related to personal activities. If you have personal liability coverage, you may be able to avoid paying out of pocket for incidents like these, up to the limits of your coverage.
Choose the personal liability policy limit that's right for you and start getting the coverage you need. If you don't currently have personal liability coverage for your home, contact a Nationwide agent or request a home insurance quote today. But it also protects you from overwhelming liability claims that could cost you all your current and future assets. General commercial liability costs much more than PLI, often more than what a small or even medium-sized company can afford.
Both personal liability and personal injury are essential coverages that can protect you from significant out-of-pocket claims. Other types of liability insurance, such as malpractice insurance, cover claims that arise from your professional or business activities. As you can see, general liability insurance covers a different set of risks than personal liability insurance. It seems that personal injury liability insurance would cover the same as general liability insurance, but it's actually a little different.
Personal liability claims can include medical bills, legal expenses and other expenses if a guest is injured on your property, as well as coverage for accidental damage that you are legally responsible for on someone else's property.