There are many different dangers that businesses face on a daily basis. Whether you’re searching for a business policy or looking to offer business insurance to clients, it’s crucial to understand the importance of general liability insurance.
Quantum Alliance offers various services to consumers agents and agencies, including 80 years of combined insurance experience.
Common General Liability Insurance Questions
What is Included in General Liability Insurance?
General liability insurance covers accidents of bodily injury, property damage and advertising injury that occur as a result of normal business activities. You can expand this coverage in many different ways. An umbrella liability insurance policy, for example, offers extra coverage once your other liability coverages reach their limit.
Why Do You Need General Liability Insurance?
General liability is a basic need for practically all businesses. One accident or lawsuit can drain a small business’ savings and leave them either out of business or scrambling to recover.
What is the Difference Between Professional and General Liability Insurance?
While general liability insurance covers acts of non-professional negligence, professional liability insurance covers acts of professional negligence. This means mistakes that are made by a professional or specialist in providing their services to clients. Mistakes like this may end in bodily injury, property damage or monetary loss.
Which General Liability Insurance Options Should You Provide Your Clients?
Each client is unique, as are their insurance needs. Still, every general liability policy should include bodily injury and property damage liability. Other liabilities you can offer include:
- Products Liability, which covers incidents and injuries relating to products sold by the company
- Contractual Liability, which adds liability coverage while entering a contract
Products-Completed Operations, which provides liability protection for injury resulting in products made or services provided by the company.
Personal/Advertising Injury, which covers lawsuits concerning libel, slander, copyright infringement and more.