General liability insurance and commercial property insurance are both essential for businesses, but they provide different coverages. General liability may cover legal claims associated with injuries or property damage to third parties (e.g., clients). It may provide compensation for their losses (e.g., medical bills) and cover associated legal expenses (e.g., court costs and settlements). Commercial property insurance, on the other hand, generally protects your business’s property if it is lost, damaged or destroyed by covered events. It may provide repair or replacement costs as specified by the policy.