Final answer:
General liability insurance protects businesses from lawsuits for property loss and bodily injury caused by nonemployees.
Explanation:
General liability insurance is a type of coverage that protects businesses from lawsuits for property loss and bodily injury from nonemployees. This insurance provides financial protection in case a nonemployee is injured on business premises or experiences property damage due to the business's operations.
For example, if a customer slips and falls in a store, general liability insurance can cover the medical expenses and legal fees that may arise from the incident. It is essential for businesses to have this coverage to safeguard against unforeseen accidents and potential legal liabilities.
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