To learn what’s protected under this insurance coverage, here is a list of what’s covered and what’s not in general liability insurance.
Building a new business is naturally risky, but with business liability coverage, it helps protect your business against a lot of known and unknown risks. General liability coverage can protect you, your employees, and your business from claims that involves property damage or bodily injury up to the limits of your policy. These policies can shield you from the expense of litigation, out of court settlements, and judgments that are awarded by courts.
- Settlements, Lawsuits, and Investigations
If you’re sued or some damages are filed against you, the policy will cover the company’s attorney and investigation expenses, settlement or judgment, medical expenses, and bonds if they’re subsequently posted.
- Injury Damages
Claims could arise from property damages or bodily injury, which results from accidents from your products, premises, operations, or your businesses advertisement.
The general liability insurance can also cover some things that you haven’t thought about, it may include advertising injury, alcohol-related accidents, and others.
What Does it Not Cover?
Typically, there are some situations that the general liability insurance doesn’t cover. Here are some situations that aren’t protected by the policy.
- Employee Injuries
If you want to make sure that your employees are insured when they get hurt while on the job, you’ll need a worker’s compensation.
- Professional Mistake
Unfortunately, your general liability insurance wouldn’t cover a professional mistake. Therefore, you would need a professional liability to cover your mishaps.
- Auto-Related Coverage
General liability can cover a lot of situations, but in this case, it doesn’t protect you against accidents concerning automobiles.
- Intentional Actions
The policy doesn’t cover any injuries from intentional or expected acts. For example, if your employee assaults one of your customers and they have sued, your coverage wouldn’t cover for the damages. But if your employing was defending himself from a criminal or customer, your insurance coverage might provide coverage.
A good and trusted insurance broker prepares an insurance quote sample to provide all your businesses specific needs, they would also help you walk through your options to find the right fit.
At Independent Executive Insurance Brokers, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (805) 624-4815 or Click Here to request a free quote.