General Liability Insurance for Finance and Accounting Business

General liability insurance, also known as public liability insurance, covers claims arising due to property damage, personal or bodily injuries for which the business is accountable. It protects small and large scale businesses from incurring any losses during the operation of a business. Therefore, public liability insurance is considered a crucial policy for the company to avoid risks associated with the business.

Get right expert advice

Hassle-free policy

Speedy Claims

Mobile number

We don't spam

Let us understand why finance and accounting businesses need general liability insurance.

Protection against Common Risks

Businesses are prone to risks. Moreover, accounting and finance businesses are highly associated to risks where a minor mistake causes a massive loss to the company and its client. Nevertheless, there is general liability insurance that is necessary to settle claims arising due to third-party bodily injury, property and personal damage, attorney's fee, judgment or settlement etc.

Let us discuss these aforementioned risks in detail.

Bodily injury

For every unintentional bodily injury caused to a client or a third party during the business operations, the company is liable to pay the medical bills of the victim. The company is responsible for looking after the safety of third party in its business premises. In addition, the business is responsible for any mishap caused accidentally or purposely to any third party within the premises. To deal with these liabilities, a general liability insurance is highly recommended for the business owners.
Personal and professional injury

Defamation, such as libel and slander, are part of public liability insurance. An accounting or financial business may be sued or subpoenaed for any personal or professional injury caused to another company or individual.

For example, while advertising for their accounts and financial services, the remarks made by a business may harm or damage the reputation of a person. Under such circumstances, a company is liable to disburse specific costs against the damages caused to the aggrieved party. In addition, the business may also face copyright issue, which may incur massive losses to the company. Well, public liability insurance cover is one such solution to deal with business related legal and financial liabilities.
Fees of Attorney

The public or general liability insurance covers the cost of hiring or appointing an attorney against a lawsuit instituted against the organization. In a business, a client or any aggrieved third party may initiate a legal proceeding against a business in order to get the appropriate compensation for the loss or damages caused.

Hence, it is crucial for small scale business dealing under finance or accounting to purchase the general liability insurance to escape from the liabilities. The public liability insurance for finance and accounting business also indemnifies the company against incurring of a court fees or e-filing of a matter.
Judgment

A business may lose the ongoing case in a court or tribunal and the court may sentence or award to pay a significant sum to the aggrieved party. Under such circumstances, the insured party may cover the cost from the insurance company under public liability insurance claim.

Conclusion

It is essential to buy general liability insurance for finance and accounting business since no business, whether it is small or large scale is immune against any loss or negligence.

Download Policy Wordings of SBIG

Liability Insurance Companies

View more insurers

Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

Commercial Insurance Products

Group Health Insurance

Marine Insurance

Cargo Insurance

Workmen Compensation Insurance

Professional Indemnity

Fire Insurance

Shop Insurance

Comprehensive Liability Insurance

Construction All Risk

Erection All Risk

Cyber Insurance

Directors & Officers Insurance

Contractor's Plant & Machinery

Office Package Policy

Group Personal Accident Insurance

Group Life Term Insurance

Drone Insurance

We don't spam

View plans

By clicking on " Check Your Premium Now " you agree to our Privacy Policy and Terms Of Use

Comprehensive Liability Insurance Articles

Popular Articles
Recent Articles

Top Low Investment Business Ideas With High Profit

Starting a business doesn’t always require hefty capital. In fact, some of the most successfulventures in India...Read more

26 May 2025 by Policybazaar 2228 Views

What is a Certificate of Insurance?

Certificate of Insurance (COI) is an official document issued by an insurance company or broker that verifies a...Read more

26 May 2025 by Policybazaar 2027 Views

What is the Limited Liability Partnership (LLP) Act, 2008?

Limited Liability Partnership (LLP) Act 2008 is an Indian milestone legislation governing the incorporation...Read more

11 Jul 2025 by Policybazaar 1979 Views

What are Employment Practices Liability Insurance and How Does it...

Employment Practice Liability Insurance (EPLI) is a type of insurance policy designed to protect businesses from...Read more

12 Apr 2023 by Policybazaar 5921 Views

Liability Insurance for Small Businesses

Non-permanency is the ultimate truth of every aspect of our countable life spans. This applies more to our...Read more

13 Mar 2018 by Policybazaar 11685 Views

What is the LLP Amendment Act, 2021?

The LLP Amendment Act 2021 is a landmark amendment of the Limited Liability Partnership Act 2008. Introduced to...Read more

15 Jul 2025 by Policybazaar 1168 Views

Product Liability under the Consumer Protection Act, 2019

The Consumer Protection Act 2019, CPA 2019, is a revolution in the consumer law jurisprudence of India by...Read more

15 Jul 2025 by Policybazaar 1814 Views

The Public Liability Insurance Act, 1991

The Public Liability Insurance Act of 1991 comprises 23 sections and one schedule. The act was brought to provide...Read more

31 Mar 2023 by Policybazaar 11583 Views

Public Liability Insurance for LPG Customers

Public liability insurance is the result of the Bhopal Gas Tragedy. The insurance act was passed in order to avoid...Read more

31 Mar 2023 by Policybazaar 4083 Views

Employer Liability Insurance

Employers Liability Insurance covers claims from workers who suffer job-related injuries or illnesses not covered...Read more

19 Jan 2021 by Policybazaar 13025 Views

Product Recall Liability Policy Work, and What Does It Cover?

Product recall liability policy is generally purchased by manufacturers dealing with toys, electronics, beverages...Read more

28 Mar 2023 by Policybazaar 5473 Views

What is LLP?

An LLP or Limited Liability Partnership is a business form that has the features of a conventional partnership...Read more

02 Jul 2025 by Policybazaar 1067 Views

8 Common Reasons Why Products Fail

Product launches can feel like moonshots - high stakes, high hopes, and, sometimes,unfortunate crashes. While no...Read more

28 Apr 2025 by Policybazaar 1228 Views

What is Vicarious Liability?

Vicarious liability is a legal principle under which one party is held legally responsible for the actions or...Read more

30 Dec 2025 by Policybazaar 72 Views

MSME Registration in India

Micro, Small, and Medium Enterprises (MSMEs) drive innovation, local economic development, and job creation in...Read more

13 Feb 2025 by Policybazaar 3477 Views

What is a Contractual Dispute?

A contractual dispute arises when two or more parties disagree...Read more

05 Jan 2026 by Policybazaar 10 Views

Arbitration vs Litigation: What Businesses Should Know

Disputes are an unfortunate but realistic part of doing...Read more

05 Jan 2026 by Policybazaar 9 Views

What is Commercial Litigation?

Commercial litigation is the legal process of resolving disputes...Read more

02 Jan 2026 by Policybazaar 30 Views

Understanding Corporate Litigation in India: A Guide for Businesses

Corporate litigation refers to the legal process of resolving...Read more

02 Jan 2026 by Policybazaar 34 Views

What is Defamation in Business?

Defamation is a false statement presented as a fact that harms...Read more

30 Dec 2025 by Policybazaar 54 Views

What is Corporate Compliance?

Corporate compliance refers to an organisation’s adherence to...Read more

30 Dec 2025 by Policybazaar 36 Views

What is Vicarious Liability?

Vicarious liability is a legal principle under which one party...Read more

30 Dec 2025 by Policybazaar 61 Views

What is Reputational Risk?

A company's reputation is one of its most valuable assets...Read more

30 Dec 2025 by Policybazaar 0 Views

What is Operational Risk?

Operational risk is the potential for financial loss or business...Read more

29 Dec 2025 by Policybazaar 43 Views

What is Bait-and-Switch Advertising?

Bait-and-switch advertising is a deceptive commercial practice...Read more

24 Dec 2025 by Policybazaar 76 Views

What is an Unfair Trade Practice?

An unfair trade practice refers to any business conduct that...Read more

24 Dec 2025 by Policybazaar 81 Views

What is Force Majeure? The Complete Business Guide

Force majeure is a legal term derived from French law, literally...Read more

24 Dec 2025 by Policybazaar 73 Views

What is Risk Management for SMEs?

Risk management for SMEs is a structured process that involves...Read more

01 Dec 2025 by Policybazaar 165 Views

What is False Advertising?

False advertising happens when companies provide misleading or...Read more

04 Sep 2025 by Policybazaar 0 Views

Product Liability under the Consumer Protection Act, 2019

The Consumer Protection Act 2019, CPA 2019, is a revolution in...Read more

15 Jul 2025 by Policybazaar 1805 Views

Policybazaar for Business - Comprehensive Liability Insurance - Customer Reviews

View all 27 reviews

View all

out of 5

Based on 27 reviews

1 users

15 users

11 users

0 users

4.3 April 09, 2023

Shubh

Competitive Premiums

The premiums offered by PolicyBazaar for the Comprehensive General Liability Insurance are competitive, considering the extensive coverage and top-notch customer service they provide.Truly recomend it.

Ludhiana

4.3 March 28, 2023

Prakhar

Worth Buying

PolicyBazaar worked closely with me to tailor the coverage to meet the specific needs of my business.Worth buying.

Dehradun

3.8 March 16, 2023

Veer

Wide Coverage

One of the most significant aspects of this insurance is its coverage. It provides extensive protection against a wide range of liabilities, including bodily injury, property damage, etc. Thanks for the policy PB

Lucknow

3.8 March 04, 2023

Akash

Peace Of Mind

I have been a satisfied customer of PolicyBazaar for several years now. It offers a comprehensive and reliable safety that has given me peace of mind and allowed me to focus on growing my business without constant worry about unforeseen events.Thankyou PB.

Bareilly

3.8 February 20, 2023

Ram

Claim Process Is Hassle Free

PolicyBazaar's claims process is efficient and hassle-free. In the unfortunate event of a claim, they handled everything swiftly and professionally, ensuring a smooth resolution without unnecessary delays. This reliability and promptness have further strengthened my trust in their services.Thankyou.

Delhi

4 February 20, 2023

Rohan

Great Customer Support

PolicyBazaar can help you get your Insurance as I am in the construction Industry and needed some guidance on risk concerns. I contacted PolicyBazaar Team, whO explaned to me the process to get the Insurance. Thank you PolicyBazaar.

Jamshedpur

3.8 February 16, 2023

Aditi

Damages Covered

I recently purchased CGL insurnace from PolicyBazaar. They helped me to cover my damages. Thankyou.

Jamshedpur

4 February 12, 2023

Neha

Helpful Team

We were looking to buy Comprehensive General Liability Insurance Plan that protects Third party property from any accidental damage at my workplace. So we landed on the PolicyBazaar website. It was well managed and described all the benfits in detaill... We contacted their Customer support and dcided to buy from them. Thanks, PolicyBazaar Team

Coimbatore

3.8 February 08, 2023

Veer

All In One Platform

It is an All in one platform which provided me unique perks, Low premium prices and a fast claim settlement process. Thankyou PB. Excellent platform.

Vadodara

4.3 February 04, 2023

Amar

Good Package

Got a really good coverage. Thanks, PolicyBazaar

Lucknow

27 Review Item

Write a Review

Disclaimers⁺
⁺Disclaimer: Rs 4720/year is the starting premium for a 1 Cr sum insured for commercial general liability insurance for the industry operation - Air condition Installization work, with Territory as Worldwide, including USA & Canada.
By clicking on "View Plans" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover.
The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.