What is the main objective of "general liability insurance"?

The main objective of general liability insurance is to protect businesses from claims of bodily injury and property damage. This type of insurance is crucial for businesses because it offers coverage for legal costs and any settlements or judgments that may result from claims made by third parties. Such claims can arise from incidents that occur on the business premises or as a result of business operations. By having general liability insurance, businesses ensure they are financially protected against lawsuits that could potentially lead to significant expenses, allowing them to focus on their operations without the looming threat of substantial financial loss from unforeseen legal issues.

In contrast, the other options address different aspects of insurance coverage. Coverage for employee injuries falls under workers' compensation insurance, which is specifically designed to address the needs of workers who are injured on the job. Insurance against losses from natural disasters pertains to property insurance and is aimed at protecting physical assets rather than liabilities. Lastly, handling returns and refunds is a customer service process and is not typically covered by any insurance policies but instead is managed internally by businesses. Thus, the focus of general liability insurance remains on safeguarding against bodily injury and property damage claims.