Slips? Trips? Falls? General liability covers it all.
Business owners, you should note that your personal liability insurance won’t cover losses related to your business activities. If your company is held liable for an incident, an expensive lawsuit could wipe you out before your business even takes off. Now is the time to talk to your insurer about business liability insurance!
What Could Go Wrong, Right?
There are many things that you can do to protect your business. Not only do you need the proper staff training, passwords, and safety locks, you’ll need commercial general liability insurance. This protection takes care of lawsuits that your business may face, so that you’re not left financially strained.
For protection against all of the above circumstances, commercial general liability can help. Coverage typically includes:
- Property damage or bodily injury – If you, no matter how unintentionally, injure a third-party or destroy some else’s property, you can be reimbursed for medical expenses and legal fees with this coverage.
- Medical payments – Covers medical expenses resulting from any bodily injury you may be held legally responsible for.
- Defense costs – If you need attorney representation to defend your company, regardless of fault, you can rely on this coverage.
- Advertising injury – If you’re sued for libel or slander, coverage can aid with the claim.
If you have a particularly dangerous workplace (where employees operate heavy machinery) or a high volume of daily visitors (who could slip and fall), your business will need additional protection!
Companies that need broader coverage or higher liability limits should add a commercial umbrella policy to supplement the general liability already in place. The umbrella ‘covers’ and extends the boundaries of a basic policy so that your business is better protected.
Without commercial general liability, it’s near-impossible to keep your business up and running. For all of your general liability coverage, contact Nahai Insurance Services to get started on your policy!