General Liability Insurance is a type of business insurance that provides coverage for a variety of common risks and liabilities faced by businesses. It is designed to protect a business and its assets in the event of third-party claims for bodily injury, property damage, or personal injury arising out of the business operations. Key features of General Liability Insurance include:
This covers medical expenses and legal fees if someone is injured on the business premises or as a result of the business operations.
This protects against damage to another person’s property caused by the business operations.
This covers certain offenses such as libel, slander, and copyright infringement.
This protects against claims related to products the business sells or services it provides.
This covers medical expenses if someone is injured on the business premises, regardless of fault.
General liability insurance can cover risks to your business outside of operating your truck.
General Liability Insurance is essential for businesses to mitigate the financial risks associated with accidents, injuries, or property damage that may occur during their operations. It’s important to note that while General Liability Insurance provides broad coverage, businesses may also need additional policies, such as professional liability insurance or commercial property insurance, depending on their specific needs and risks.
Have a question or prefer to sign up over the phone
Hablamos español
We specialize in providing General Liability Insurance for all businesses
We’ve partnered with the best and largest carriers in the nation so we can provide you coverage, even across state lines
No down payment necessary. We offer a pay as you go structure for coverage to help increase your cash flow
We’ll provide certificates of insurance so you’ll never be stuck at a job site without one again
Our professionals have decades of experience in the workers’ comp industry. Lean on them for support and expertise
The coverage limits for General Liability Insurance can vary based on the specific policy and the needs of the business. Coverage limits are typically expressed as three separate limits:
This is the maximum amount the insurance company will pay for a single covered incident or claim.
This represents the maximum amount the insurer will pay for all covered claims during the policy period, except for claims specifically excluded from the general aggregate.
This limit is related to claims arising from the products a business sells or the services it completes. It is part of the general aggregate but specifically applies to product or completed operations liability.
The specific limits chosen by a business depend on various factors, including the nature of the business, its size, the perceived risks associated with its operations, and legal requirements. Small businesses might have lower coverage limits compared to larger enterprises.
For example, a common structure for General Liability Insurance might be expressed as a combination of limits, such as $1 million per occurrence, $2 million general aggregate, and $2 million products and completed operations aggregate. This means the insurance would cover up to $1 million for each individual claim, up to $2 million for all covered claims in a policy period (excluding products and completed operations), and up to an additional $2 million for products and completed operations liability claims.
It’s crucial for businesses to carefully review and understand the coverage limits, terms, and conditions of their General Liability Insurance policy to ensure they have adequate protection for their specific risks and liabilities. Businesses with higher risk profiles or greater exposure may need higher coverage limits.
Let’s talk about affordable Workers’ Compensation
Have a question or prefer to sign up over the phone
Hablamos español