Do you need other business liability insurance coverage? GEICO can help.

If a lawsuit is brought against your business, general liability insurance protects you against legal liability resulting from covered claims of others for bodily injury and damage to their property. In addition, general liability insurance provides for your defense costs and attorney fees arising from such claims. A lawsuit and subsequent money damages may arise out of bodily injury, property damage, personal injury (such as libel, slander, invasion of privacy, etc. ) or advertising injury. These injuries may result from the business premises themselves, ongoing operations away from the business premises, or operations or products your business has completed.

Here are the common issues not covered by general liability insurance: -pollution (for coverage , buy pollution insurance). -employment practices (discrimination, wrongful discharge). -asbestos, mold, or fungi. -employee benefit plan errors (buy fiduciary responsibilities liability insurance). -professional liability (buy professional liability insurance). -injuries to employees (covered by workers’ compensation). -automobiles (covered by auto insurance). -aircraft — both owned and non-owned. -owned watercraft and non-owned watercraft over twenty-six feet. -liquor liability for those in the business of making, selling, or serving alcohol ✭named insureds review the entities named on your policy to be sure protection is extended to holding companies, subsidiaries, and any charitable foundations managed by your bank.

Understanding general liability insurance in today’s litigious society, even small mishaps can result in large lawsuits. That’s why general liability insurance, along with property and workers compensation insurance, is essential for most companies. Liability insurance protects the assets of a business when it is sued for something it did (or didn’t do) to cause an injury or property damage. General liability insurance can be purchased separately or as part of a business owner’s policy (bop). A bop bundles property and liability insurance into one policy; however, the liability coverage limits are generally pretty low. Businesses that need more coverage usually purchase liability insurance as a separate policy.

General liability insurance often referred to as business liability insurance protects your business from a variety of claims including: medical payments advertising injuries general liability insurance is often bundled with property insurance in what is called a business owners policy or bop. Whether you’re a contractor, consultant, or small business owner, insureone can help you get the general liability cover age your business needs.

Need to speak with us?

The cost of general liability insurance policies vary similar to your auto insurance. How much coverage you want, whether you’ve made previous claims, your industry, and your business’s annual revenue all affect your insurance cost. The cost of a $1 million business liability insurance policy starts at a few hundred dollars annually. Howmuch. Net offers these example costs for small businesses by type of service: hair salon or barber shop: $450 cable or satellite dish installer: $550 retail store: $750 computer repair service: $400 because the cost varies depending on many factors, it's best to speak with an insurance agent to get an accurate quote designed for your business.

Umbrella liability insurance offers additional limits of liability over the underlying liability coverages. The umbrella policy can also provide liability coverage for exposures not covered under the primary cgl insurance policies if not excluded by the umbrella liability insurance policy. For more information about general liability insurance, excess liability insurance and umbrella liability insurance, visit our insurance insights page. Interested in learning more or getting the ball rolling? our agents will be very happy to speak with you, no matter where you are located. Give us a call at 844-744-7526 today, or fill out the quote form on this page to get our partnership started.

General Liability Insurance: Frequently Asked Questions

Property / bodily injury liability coverage - covers against damage to property at a location away from premises you own or rent. Legal fee coverage - lawsuits can be expensive, even if you win your case. Cgl policies often pay for the legal cost of defending your company. Kemper commercial general liability frequently asked questions does the cgl policy offer premises coverage? while some general liability policies offer premises coverage (property you own or rent) our general liability endorsement does not, by design. We crafted the endorsement to meet the needs of small business contractors, who often don’t own a brick and mortar location, and run their business out of their vehicle.

What does general liability insurance cover?

General liability is an essential coverage to help protect your business from liability for 3rd party bodily injury or property damage claims made against you arising out of your operations, products and other exposures. From brick-and-mortar stores to businesses that manufacture goods or provide services on-location, a general liability policy helps to protect your unique business. Selective offers industry-specific general liability coverages with targeted enhancements for contractors, manufacturers, schools, auto repair, and many other sectors. Paired with important value-added services that come with all selective policies, like safety management , you will get a well-rounded coverage and risk management solution.

If someone injures themselves on your property, a general liability policy could provide coverage, even in the event of a lawsuit. Let's say a guttering company's employee drops a gutter off the roof edge and hits a pedestrian walking below. Bodily injury coverage takes care of the pedestrian. Or take this case: an employee in a painting or construction business accidentally leaves water running, causing substantial water damage to a customer’s home. Liability coverage will cover the cost of stripping out flooring, repairing drywall, and erasing the damage to both the customer’s home and your credibility.

The hanover's umbrella coverage can fill gaps on general liability and auto policies and protect your company from financial disaster with flexible limits up to $25 million, at affordable rates.

General liability insurance is a self-insured program that provides coverage for property damage, bodily injury, or personal injury to a third party for which the university is legally liable. Coverage is provided to university trustees, officers, and employees for their legal liability for actions within the scope of their duties. Please note that duke university is self-insured for general liability and automobile liability insurance. It is the policy of the university not to add third parties as additional insured parties as is sometimes requested in contracts or other written agreements.

How much does general liability insurance cost?

What does general liability insurance cover? general liability insurance is one of the most important insurance policies most businesses can obtain. Whether you’re a sole proprietor or run a large business with dozens, hundreds or even thousands of employees, general liability insurance will protect you against two main exposures: third party bodily injury and third party property damage. So, what does that mean? basically, if you interact with customers or customers come to your place of business, general liability insurance will protect you against most damages or injuries those customers may incur. General liability insurance covers specific damages resulting from incomplete or underperformed work, employee dishonesty, data breaches, workplace accidents, and damage to your or your customers’ property.

A general liability policy covers the following types of risk: bodily injury: if a customer visits your store or office and slips on a wet floor, you may face a lawsuit to pay for the medical costs. Property damage: if you visit your clients to perform work, and during that visit you damage any of their property, you are liable for the damage. The contractor who damaged wood flooring during a home remodeling project may be sued for property damage. The policy can also cover damage to property (machinery, vehicles, etc. ) that is rented to you. Defamation : a false statement presented as a fact that causes injury or damage to the character of a person.

©2022 acuity, a mutual insurance company | 2800 south taylor drive, sheboygan, wi 53081 "acuity" and its logo are registered trademarks of acuity, a mutual insurance company. All coverages are underwritten by acuity, a mutual insurance company with the exception of personal automobile coverage in the state of texas, which is offered by acuity tx mga, inc. And underwritten by home state county mutual insurance company. Home state county mutual insurance company is not an affiliate of any acuity company. Information and coverage descriptions on this site are general in nature. Actual coverage depends on the policy. Nothing on this site alters the terms or conditions of any of our policies.

General liability insurance, or business liability insurance, helps cover the costs of bodily injury, property damage, advertising injury and reputational harm claims against your business. Liability claims are not only one of the most common claims against businesses, but also some of the most financially crippling as well. Without acquiring general liability insurance, your business is left vulnerable to potentially business ending claims.