Top four damages that general liability insurance won’t cover.
As a business owner, you know that you need insurance. While you may have secured general liability insurance in Reading, every policy has its limits.
General liability insurance can cover the expenses related to non-employee injuries that happen on your property, damage you cause to property, and advertising mistakes. In essence, it covers some of the common lawsuits that arise from everyday business activities, such as renting property, working with clients, and interacting with customers. While this covers a lot, you may be missing out on some important coverage.
Here’s what general liability insurance typically does not cover.
Property Damage – Your office needs to be protected. If debris flies through a window during a storm or a fire roars through your property, you won’t be able to turn to your general liability insurance to pick up the pieces. To cover personal business property in such an incidence, you’ll need Commercial Property Insurance for protection from fire, theft, and natural disasters.
Professional Errors – We’re all human, and we all make mistakes. Unfortunately, in a business environment, clients can sue if they have lost significant money or assets because of your mix up. Professional Liability Insurance is there to protect your business from mistakes.
Employee Injuries – If your employee trips, slips, falls, or your office worker developed carpal tunnel syndrome, you’ll need Workers’ Compensation to pay for his or her medical expenses, physical therapy, and some lost wages. General Liability Insurance is there to cover non-employee bodily injuries only.
Vehicle Damage – If your team make deliveries or pick up equipment, they will need to be on the road often. If your new delivery van gets into an accident, you won’t be able to turn to your General Liability Insurance or Personal Auto Insurance for support. For such coverage, you’ll need Commercial Auto Insurance.
Determine the right business insurance to suit your needs by contacting the professionals at Nahai Insurance Services today.