What Is General Liability Insurance and Why Does Your Business Need It?

"I’m trying to understand the different types of business insurance, especially liability coverage. Can someone explain with a simple example how general liability insurance works for small and medium businesses? I want to know what kind of risks it actually covers and why it’s important for companies. I found a detailed guide here: https://www.investkraft.com/business-insurance/general-liability-insurance. Does anyone have real-life experiences or insights on this?"