What general liability limits should a Georgia small business carry?

Most Georgia small businesses carry a general liability policy with a $1 million per-occurrence limit and a $2 million aggregate limit. This is so common that it is often called the standard, and many contracts and landlords in Georgia require exactly these numbers.

General liability insurance pays for bodily injury and property damage your business causes to other people. The per-occurrence limit is the most the policy pays for any single claim. The aggregate limit is the most it pays for all claims during the policy year combined.

Standard general liability limits come in two layers:

• $1 million per occurrence, the most paid for one covered incident.
• $2 million aggregate, the total paid across the whole policy term.
• Higher limits when a contract, a commercial lease, or a larger client requires them.

For example, a Savannah landscaping company carries $1 million per occurrence. A worker accidentally drives a mower into a client’s glass storefront, causing $60,000 in damage and a minor injury. The policy responds well within its limit, and the business keeps the contract because it could prove coverage.

Some industries should carry more. If you do higher-risk work, sign large contracts, or have significant assets to protect, an umbrella insurance policy can add an extra layer of liability protection on top of your general liability insurance. We will help you match your limits to your actual risk and your contract requirements. Request a free coverage review and we will confirm whether the standard limits are enough for your business.