In the dynamic landscape of business, uncertainties are inevitable. General Liability Insurance is your stalwart protector, providing essential coverage against a range of risks that can impact your business. Explore the key features and coverages to ensure your business is shielded from potential liabilities.
Coverages
1. Bodily Injury Coverage:
- Protects your business if someone is injured on your premises or as a result of your operations.
2. Property Damage Coverage:
- Covers damage to third-party property caused by your business operations or products.
3. Personal and Advertising Injury:
- Provides coverage for non-physical injuries, including libel, slander, and infringement of intellectual property rights.
4. Products and Completed Operations:
- Protects against liabilities arising from products you sell or services you provide, even after they’ve been completed.
5. Medical Payments Coverage:
- Assists with medical expenses if someone is injured on your business premises, regardless of fault.
Key Terms
1. Aggregate Limit:
- The maximum amount your insurance will pay for all covered claims during a specific policy period.
2. Occurrence vs. Claims-Made Policy:
- Understanding the difference between coverage triggered by when an incident occurs (occurrence) and when a claim is made (claims-made).
3. Additional Insured:
- Extending coverage to individuals or entities beyond the policyholder, often required by contracts.
4. Deductible:
- The amount the policyholder is responsible for paying before the insurance coverage kicks in.
Exclusions
Certain events and situations are typically excluded from general liability insurance, including:
- Professional Liability: Coverage for errors or omissions in professional services is typically excluded.
- Employee Injuries: Covered under workers’ compensation insurance rather than general liability.
And More
Our commitment to your business goes beyond standard coverages:
- Risk Management Services: Tailored strategies to mitigate risks and enhance overall safety.
- Claims Support Specialists: Dedicated professionals to guide you through the claims process efficiently.
- Customized Solutions: We work with you to tailor coverage to the specific needs of your business.
Secure Your Business Future. Insure with Us.
Ready to secure the right coverage for your business? Contact us today to discuss your general liability insurance needs. Your business deserves comprehensive protection, and we’re here to provide the support you need for continued success.
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