General Liability Insurance

General Liability Insurance

General Liability Wordcloud

Choosing Liability Coverage For Your Business

No matter what type of business you run, you need to protect your interests with the right insurance policy.  Every company needs a variety of different types of insurance; some of these policies are the same no matter what kind of business you have, while others might be specific to your industry.  One of the coverages that remains the same across the board is general liability coverage.

What General Liability Is For

There are a number of different types of liability policies you can purchase to protect yourself from potential financial responsibility.  General liability is one of the less specific forms of coverage and provides a generalized, overall coverage for liability claims resulting from a wide array of possible incidents.  While it will not protect you from everything, a good general liability policy provides you with a solid foundation.

A general liability policy gives you coverage for defense from lawsuits and to pay out financial claims when negligence on your part can be proven.  It prevents your company from facing potentially serious financial damage due to property damage, injuries, or any other claim that can be proven to be a result of your company’s actions or products.

Choose Your Policy Carefully

When you select a liability policy for your company, you should first make certain that the policy covers you from all angles.  If you have specific risks that are not covered by general liability, you may want to purchase additional policies to provide that coverage.  It is important to understand what is covered by your general liability policy and what is not; waiting until a claim occurs is not the best time to discover the exclusions in your policy!

Be certain that a few basics are being covered by your general liability policy.  You want to be sure that you have good public liability coverage—meaning that members of the general public who might sustain injury or loss as a result of negligence on your company’s part can be compensated.  You also need to be sure that you have enough coverage to protect yourself properly.

Your general liability policy is one of the most important you will select as a business owner; it takes only a quick look at the news to see the array of claims consumers have made against companies in recent years.  Many of these lawsuits ended in favor of the claimant.  Without good liability coverage, your company could wind up paying these claims out of pocket.  Take the time to make sure you have selected liability coverage that meets all of your needs and potential risks.

Give one of our offices a call to discuss all your Business Insurance needs!

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