The purpose of insurance is to protect businesses from unnecessary harm in the event of a disaster or other peril.
The world we live in is one that’s increasingly litigious in nature. For businesses today, that means you must take extra care to ensure a safe environment for your employees and your customers.
Sometimes, though, despite your best efforts otherwise, accidents happen. When they do, you need to be confident that you have adequate general liability coverage to protect the investment you’ve made in your business.
Of course, the key lies in understanding the right coverage amount to meet your needs. We have 50 years of experience as independent insurance agents under our belt and can help you find the right general liability coverage plan at the best price to meet your insurance needs.
Who Needs General Liability Coverage?
Liability insurance coverage for businesses today is a must. Many standard BOP (business owner’s policy) plans offer some degree of liability coverage, but it’s often wise to invest in a little more than what’s included so that you’re not caught in a tight financial situation resulting from a judgment exceeding the amount of your standard liability coverage.
Accidents happen in every field and industry. Whether accidents happen with vendors, contractors, or customers, you are legally responsible for people who get hurt on your business property, by your products, or as a result of your employees, the costs can be quite high.
General liability coverage helps to ease the financial burden of that responsibility. The bottom line is that no business operating today can afford to do without general liability insurance coverage.
What does Insurance for General Liability Actually Cover?
Many business owners don’t fully understand what it is that general liability coverage does for their businesses. They skip this insurance without ever truly understanding its significance or what it can mean for their businesses. These are just a few things covered by a general liability policy.
Defense and Attorney Fees
Judgments and Settlements (if awarded)
Bodily Injury Damages
Of course this coverage only extends to the limits of your policy. In many industries, it may be wise to consider an additional umbrella insurance policy to provide coverage above and beyond the limits of a standard general liability policy.