Business Liability Insurance | Get a Free Quote |
| Overview | As a business owner, it is critical to protect against the liability you have relative to the products and services you sell and the vehicles you use. Liability insurance is the easiest way to ensure you have the needed protection for your business. Liability insurance can be designed to provide specific coverage for specific exposures a company might face. This coverage can be provided at reasonable rates in today's insurance marketplace, and at a fraction of the cost of what it might cost should you be sued. |
General Liability | Commercial general liability coverage insures a business against accidents and injury that might happen on its premises, as well as exposures related to its products. It will protect you from payments for bodily injury or property damage to a third party, for medical expenses accruing to the underlying incident, for the cost of defending lawsuits including investigations and settlements, and for any bonds or judgments required during an appeal procedure. No matter how diligently you remove all possible hazards from your business, you could be sued successfully for accidents resulting from something as simple as the carelessness of a customer. General liability insurance is your last line of defense against devastating claims for things over which you may have little or no control. |
Professional Liability | Professional liability insurance protects against claims arising from your acts, errors or omissions in rendering services of a professional nature. Businesses involved in everything from advertising to engineering should consider this coverage. In fact, users of services such as those provided by lawyers and accountants often require that the insurance be in place before contracting with the professional. |
Additional Coverage | If you find you need excess liability coverage, above and beyond that of primary policies, you may want to consider umbrella liability insurance, which takes over where your general policies may fall short. In addition, you may need a liability policy to cover specific concern. For example, many consultants purchase �errors and omissions liability,� which protects them in case they are sued for damages resulting from a mistake in their work. Companies with a board of directors may also want to consider directors and officers� liability (D&O). This type of insurance protects top executives against personal financial responsibility due to actions taken by the company. Commercial auto insurance serves as protection against liability for bodily injury and property damage relative to your ownership, maintenance, or use of vehicles involved in doing business, and product liability insurance covers products that you manufacture or sell. |
