Find out the situations in which General Liability Insurance may not help.
As a business owner, you know that you need certain insurance coverage to keep everything running smoothly, even after accidents. You may have even purchased higher limits to ensure that your company isn’t in danger of financial strain. But, do you know where your coverage is lacking? Even though general liability insurance is a must for businesses, there are some circumstances that this policy can’t protect.
Damage to your property. When high winds pick up patio furniture and smash it straight into your glass window, don’t turn to your general liability to pick up the pieces (literally). When and if this happens, your commercial property insurance should be there to help. General liability usually only covers third-party property damage, but your property insurance should provide protection from fire, theft, and natural disasters.
Vehicle damage. If your business regularly makes deliveries, pick-ups, and travels to important meetings, they’ll need to be on the road often. If your new business car gets into an accident, you won’t be able to turn to general liability or personal auto insurance coverage for support. For the help that you deserve, you’ll need commercial auto insurance.
Employee injuries. Many business owners believe that general liability covers all sorts of liability – including that of employees. In reality, for employee slips, trips, and falls, your workers’ compensation insurance will handle it. This coverage will be able to help with medical expenses, physical therapy, and some lost wages. General liability is there to cover non-employee bodily injuries only!
As a business owner, take it in your hands to prevent accidents and gaps in coverage. With the right practices and general liability insurance, your business can stay safe. Determine the right insurance coverage to suit your needs by contacting the professionals at Nahai Insurance Services today.