General liability insurance is a type of insurance that protects businesses from financial losses related to third-party claims of bodily injury or property damage. This type of insurance can provide coverage for legal defense costs and any judgments or settlements that may result from a lawsuit. It is often considered a necessity for businesses, as it can help to protect them from the financial impact of unexpected accidents or incidents that may occur on their property or as a result of their operations. Additionally, many landlords and suppliers may require businesses to carry general liability insurance as a condition of doing business with them.