General liability insurance protects you and your business from “general” claims involving bodily injuries and property damage. Almost every business has a need for general liability insurance.
Injuries Coverage
A customer trips on a fixture at your business and is injured.
Premises and operations insurance can help with hospital bills and damages as well as coverage for your business if the customer sues for negligence.
Lawsuits Coverage
A former client files and wins a lawsuit over work performed by your company.
Products and completed operations insurance can help with the defence costs and in some cases, the legal damages for which you may be responsible.
Data Breaches Coverage
You lose confidential business and customer data when your computer system is hacked.
Cyber liability and data breach can help provide you with legal and forensic assistance to attempt to recover stolen data, as well as ongoing data security consultation to help you manage cyber risks.
Disgruntled Coverage
A disgruntled former employee or even an applicant you didn’t hire brings a legal action against your company.
Employment Practices Liability can help cover your business entity, directors and employees if you are accused of wrongful termination, harassment, discrimination or other employment-related offenses.
Copyright Infringement Coverage
Copyright infringement can arise from using someone else’s work in your business’ ads without their permission.
To cover such liabilities from affecting your business, you should have a general liability insurance in place.
Most small companies need this insurance, especially if you rent or own an office or commercial space. And many client contracts include requirements for general liability insurance.
Even if these don’t apply to you, small businesses that work directly with clients and customers usually benefit from commercial general liability insurance, also known as a CGL policy. This insurance policy can keep your company financially stable if you’re sued by a customer or competitor.
Because general liability insurance provides such important coverage, most small business owners buy the policy right after they start their business.
** Based on an analysis of five years of claims data (2010-2014) from more than 1 million Hartford Business Owner’s Policies.
Even though every business is unique, each one can benefit from having general liability coverage. We can work with you to customize your policy so you get the coverage amounts that are right for your business. Whether it’s learning about the general liability insurance meaning or help getting a quote, we’re here for you.
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.