General Liability coverage is a necessity for most businesses. Customers slipping and falling on your premises or clients suing a contracting company for property damage are typical liability claims covered under GL insurance. The policy can pay for medical expenses and legal defense fees associated with such liabilities. If you're sued for defamation, GL can also protect you.
However, this policy is general in nature and may not cover certain issues arising from the use of your product or service. Therefore, you may need to get product liability insurance for specialized coverage. Make sure to discuss your exact coverage needs with your agent, as they can share insights on product liability issues that are specific to your industry.