General liability covers operational accidents, while product liability covers injuries or damage caused by products.
FAQ_category: (HIDDEN) Industry FAQs
Examples include contaminated food causing illness or a defective product causing property damage.
This type of coverage protects businesses from financial losses when a product causes injury or property damage.
The best professional liability insurance is one that fits how your business actually operates. It should align with your industry risks, client requirements, and the services you provide. At Gild, we focus on helping business owners find coverage that’s practical, flexible, and backed by trusted carriers so you’re not overpaying for protection you don’t need, or missing coverage where it matters most.
The cost of professional liability insurance depends on your industry, the type of services you provide, your level of risk, and the size of your business. Factors like claims history, revenue, and coverage limits also play a role. Most small businesses can find affordable options, especially when coverage is tailored to their specific needs instead of a one-size-fits-all policy.