Much like other liability insurance, commercial general liability insurance is the most popular option for many businesses due to many broad spectrum coverage. common claims that many small businesses can face.
What is general liability insurance protect against?
Commercial liability coverage protects your business against four basic claim categories:
• Bodily injury: if a customer or other party sufferers from bodily injury created directly or indirectly by your business, this insurance will help cover medical expenses and other damages due about by lawsuit.
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• Personal injury: Personal injury encompasses slander, libel, lost wages, mental anguish, and other claims that do not fall under bodily injury.
• Advertising injury: This is similar to to injury in that it is brought about by slander, libel, or copyright infringement, but advertising injury involves another business instead of an individual.
Why do you need general liability coverage?
General liability insurance protects your business. Even if you think you are not creating any of the damages or injury listed above, you should still be covered. against frivolous lawsuits.
Some people see an opportunity to take advantage of unsuspecting small business owners who may be a commercial cleaning business and you do not have a work after you work time when the office buildings are empty. You may consider yourself at low-risk and do not see the necessity of having a commercial general liability insurance because you rarely, if ever, interact with your customers. Damn expensive computer equipment by incidentally spilling cleaning fluid on it You would be liable for the damages.
If you do not have many assets, you can always have unforeseen problem with that result in a lawsuit, including bogus claims. (or even if you do), your company could have completely destroyed by one claim against your business.
How much commercial liability coverage does your business need?
It is important to keep in the mind that the cost of claims has been increased and people Consult with a trusted insurance broker who has your best interests in mind and will for giving the perfect coverage for your business.
Learn more about commercial generalized liability insurance by visiting http://www.KellyWilliamsIns.com or calling 562.498.8661.
