General liability insurance is one of the most purchased forms of insurance in North Carolina and in the world. Whether your business is small or large, you are always at risk of being sued. General liability insurance protects you and your business from this ever-present threat. While it is not mandatory by law in North Carolina to have small business general liability insurance, it has become absolutely essential in today’s world. With this type of insurance, your decisions will not be about what to cover but what liabilities to limit, such as general liability, damages to premises rented to you, fire damage, medical benefits and compensation, etc. In North Carolina, rates are primarily determined by the type of business you own and the standards of operation.