What does premise liability insurance cover?

Premises liability insurance primarily covers claims that arise from injuries sustained by individuals while on the insured's property. This type of insurance is essential for protecting property owners against legal liability that can result from accidents or injuries, such as slips and falls, that may occur on their premises. This coverage is crucial because it helps ensure that property owners can manage the financial repercussions of lawsuits and medical expenses related to injuries that are linked to their property conditions or maintenance issues.

The focus of premises liability insurance is specifically on the risks associated with having people on the property, which is why it does not extend to coverage for theft, product defects, or damage to the property itself. While it might be necessary to have separate policies to cover those other aspects—such as theft or property damage—premises liability insurance is dedicated to protecting against bodily injury claims.