Most states do not require general liability insurance by law for all businesses. However, it is effectively mandatory in many practical situations: commercial landlords require it from tenants, government contracts demand proof of coverage, and contractor licensing boards in most states require it for licensure. Each state has different thresholds — for example, Mississippi requires it for contractors on projects over $50,000, while Florida requires it through the Construction Industry Licensing Board.
Even where not legally required, operating without GL insurance exposes your personal assets to lawsuit judgments. This is especially risky in states without damage caps — Georgia and Alabama, for example, do not cap compensatory damages in most cases. Contact Bridgeway Insurance to discuss your specific requirements.
