General liability insurance provides third-party coverage, which means the payments go to the third party involved in the claim, not to you directly. You’re considered the “first party,” and the “third party” is a person who has been injured—either physically, financially, or reputation...
As you can see, if you interact physically with your customers or clients or promote your business, you have general liability "exposures." And exposures can lead to costly lawsuits. Examples of How General Liability Insurance Can Protect Your Business: Whether a general liability insurance policy ...
Overall, general liability insurance is an essential investment for small businesses that can help protect their financial future and reputation. It is recommended that small business owners consult with an insurance professional to determine the appropriate coverage needed for their specific business. If ...
Business Liability Coverage When it comes to liability protection, the broader the coverage the better. That’s why BOP coverage provides business liability insurance that protects you in the event that your business is responsible for causing harm to a person and/or damage to property. It also ...
"Always friendly and courteous when I have talked with them. Hope to do business for many years to come." Lee Huett "I experienced very good customer service and prompt response times. I feel contractor liability pricing has been competitive." Christian Lub "5 STAR all the way! Definitely ...
It's essential for small businesses to have general liability insurance because it helps protect your assets and can prevent the financial ruin of your business in the event of a lawsuit or liability claim. The specific coverage limits and terms of a policy can vary based on the insurer, so...
Consider a higher deductible:If you agree to a higher deductible, your monthly or annual insurance premiums will be lower. This is a risky move, however. Make sure you can afford to cover your deductible in the case of a liability claim. ...
General Liability insurance, also known as Public and Product Liability insurance, helps to protect your business in the event a claim for compensation is brought against you for injury or damage arising out of the course of your business. This could include: ...
You may think that acquiring a CGL for your business is an expensive move or a waste of resources. However, keep in mind that no business is safe from liabilities. In fact, small businesses are likely to suffer worse implications in case of a liability claim. For this reason, it is cruc...
A related and equally important question is, "When do I need general liability insurance?" The answer is you need it right as you start your business. Not surprisingly, you can't purchase a general liability policy after an incident has occurred and then fi...