GENERAL LIABILITY
INSURANCE
WHAT IS
GENERAL LIABILITY INSURANCE
General liability insurance is a policy that every business should consider.
Operating without a general liability policy is extremely risky since it provides vital coverage for normal business activities.
Without a general liability policy, risks such as accidents, natural disasters, and lawsuits could run you out of business.
What does a general liability insurance policy cover?
A general liability policy is commonly known as business liability insurance. This policy protects your business from various claims resulting from everyday business operations. General liability policies help you cover the expensive costs of lawsuits and protect your business. General liability insurance quotes usually include:
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Bodily injury and property damage liability
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Personal and advertising injury
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Medical expenses
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Defense costs
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Damage to premises rented to you
Who needs general liability insurance coverage?
General Liability coverage is an essential policy if your business:
Has a location that is open to the public
You work closely with customers or clients
Handles client property
Rents or owns commercial property
How Much Coverage Does Your Business Need?
Your business coverage depends on three factors: perceived risk, where you operate your business, and the type of business.
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Perceived risk: Consider the risk associated with your business operations and functions.
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Premises and operations liability: Do you operate in a state with a reputation for rewarding high damages? If so, you may wish to purchase higher liability limits.
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Type of business: Does your business deals with heavy machinery or has a lot of contact with clients? If so, you may want to carry higher limits of liability.
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If you feel like your business needs more coverage, you can purchase an Umbrella Liability policy to help achieve the desired limit of liability.
Do you need additional coverage for your business? Carriage Trade Insurance can help.
Your business most likely faces liability risks beyond what general liability insurance covers. To get the protection you need, you can bundle these additional policies with general liability:
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Commercial property insurance covers your business property. A business owner's policy (BOP) bundles this policy with a commercial general liability policy.
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Cyber liability insurance protects against cyberattacks and data breaches. It's an essential policy for businesses that have sensitive information stored online.
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Product liability insurance can help pay for lawsuits involving a product you sold that damages a customer's property or injures them.
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Commercial auto insurance covers vehicles owned and used by your business.
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Professional Liability insurance also known as errors and omissions insurance and covers you for common claims like negligence and misrepresentation.
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Workers compensation insurance protects your employees in the case they get hurt or sick on the job.
Ready for a quote?
At Carriage Trade Insurance, we've dedicated our careers to staying ahead of trends and innovations in the insurance industry. We understand the unique situations of business owners and work hard to keep you protected. Reach out to us today to see how you can get personalized coverage that suits your business the best. Let’s get your insurance needs met at the best price points today!
Call our office today at 516.358.5600 or contact us online and an insurance professional will get back to you promptly.