Fola
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General liability insurance is one of the most important types of insurance that a business owner should consider purchasing. Commercial general liability insurance provides coverage for property, casualty, and liability. The policy provides protection for clients, workers, suppliers, and customers. A company's insurance coverage can vary depending on the state the business resides in as well as the company's specific industry. Commercial general liability insurance can cover a number of different events and sources, including advertising, public liability, product liability, and employee liability.
If you want to get general liability insurance, there are several different routes that you can take. The first route is to get third-party coverage. Third-party coverage is available from a number of different insurance providers. By getting third-party coverage, you will protect yourself if someone gets injured while on your property or if a third-party becomes injured because of your negligence.
Another route to get general liability insurance is to get property insurance. Property insurance protects a contractor against property damage and personal injury claims. Property insurance is typically required when a contractor is building a structure on somebody else's property. This coverage will also provide you with liability coverage if the contractor has not done a sufficient inspection of the property to ensure that it is not impaired from flooding, fire, or other hazards.
An independent agents' network helps people like you to get general liability insurance at affordable prices. An independent agents' network typically includes local insurance companies and agents from companies that do business in the area where you reside. You work directly with the insurance carrier and don't have to pay an upfront fee. Independent agents' networks usually offer better prices and more options than what you would find by searching for a car insurance policy or health insurance policy online.
Your state likely requires contractors to carry auto insurance or building insurance, but it may not cover contractors on their own premises. That is why it is important to get general liability insurance even for small businesses. In the event of a lawsuit, a damaged contractor can argue that he or she was only carrying a paltry amount of liability coverage, when in reality their business should have been adequately protected with adequate insurance coverage. The court can award compensation for property damage and personal injury claims suffered by a contractor, but you can get relief even if you haven't been injured.
General liability insurance doesn't just cover property damage and injuries; it also covers negligence and wrongful death lawsuits. If an employee is killed on the premises, a negligent act may be held responsible. A lawsuit for wrongful death may award compensatory and punitive damages for the victim's dependents. If you have a loved one that died while working for you, contact a qualified and experienced insurance agent now.
Another route to get general liability insurance is to get property insurance. Property insurance protects a contractor against property damage and personal injury claims. Property insurance is typically required when a contractor is building a structure on somebody else's property. This coverage will also provide you with liability coverage if the contractor has not done a sufficient inspection of the property to ensure that it is not impaired from flooding, fire, or other hazards.
An independent agents' network helps people like you to get general liability insurance at affordable prices. An independent agents' network typically includes local insurance companies and agents from companies that do business in the area where you reside. You work directly with the insurance carrier and don't have to pay an upfront fee. Independent agents' networks usually offer better prices and more options than what you would find by searching for a car insurance policy or health insurance policy online.
Your state likely requires contractors to carry auto insurance or building insurance, but it may not cover contractors on their own premises. That is why it is important to get general liability insurance even for small businesses. In the event of a lawsuit, a damaged contractor can argue that he or she was only carrying a paltry amount of liability coverage, when in reality their business should have been adequately protected with adequate insurance coverage. The court can award compensation for property damage and personal injury claims suffered by a contractor, but you can get relief even if you haven't been injured.
General liability insurance doesn't just cover property damage and injuries; it also covers negligence and wrongful death lawsuits. If an employee is killed on the premises, a negligent act may be held responsible. A lawsuit for wrongful death may award compensatory and punitive damages for the victim's dependents. If you have a loved one that died while working for you, contact a qualified and experienced insurance agent now.
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