If you run a business, you need to get general liability insurance. This type of insurance protects your business against claims by other people or businesses that happen to be involved in a lawsuit against you. General liability insurance comes in several different forms and can cover different aspects of your business, including property damage, bodily injury, and advertising.
Getting an instant quote for general liability coverage is easy. You just need to visit one of the many insurance comparison web sites and give them information on the nature of your business and what kinds of claims it would be vulnerable to. In most cases, your premiums will be based on the claim amount. But even if you don't have high claims coverage, you still might want to get general liability insurance. Even if you aren't sued very often, if you were sued and found to be at fault for a large percentage of the claims you face, you could end up having very high costs that you can't cover.
There are two basic types of commercial general liability coverage:
The other major type of coverage is property liability. This will protect you if you damage someone else's property or you injure yourself while on their property. Property liability covers a wide range of things, including auto accidents, slip and falls, vandalism, and pet damage. This coverage can be extremely helpful if you've been sued for slander or libel or if you have to hurt somebody else physically. This will also help protect against slander or libel that could otherwise hurt your business' reputation.
If you're going to get commercial general liability insurance, it's best to compare it with your personal policy. If you already have one, talk to your provider about whether it's going to cover your business as well as your own personal assets, as well as any property damage you may have on your own. While you won't have to give this kind of protection if you have a private property policy covering your business, doing so could cost you extra since commercial policies can often be more expensive than your personal ones.
There are many different kinds of liability insurance, which is why it's important to know what you're getting. Some are "open," which means they cover any damages or claims made against you even without your knowledge or consent. Others are "closed," which means that you are able to sue only the party who harmed you, and that your property damage and other claims are covered exclusively by your insurance company. Another kind of coverage, called "all risk" insurance, covers you and your customers for any injuries or property damage brought on by your business, but you are not covered for any actions or negligence on your part. This is the most complete type of coverage and probably the one you should get, depending on your business needs and your budget.
Getting an instant quote for general liability coverage is easy. You just need to visit one of the many insurance comparison web sites and give them information on the nature of your business and what kinds of claims it would be vulnerable to. In most cases, your premiums will be based on the claim amount. But even if you don't have high claims coverage, you still might want to get general liability insurance. Even if you aren't sued very often, if you were sued and found to be at fault for a large percentage of the claims you face, you could end up having very high costs that you can't cover.
There are two basic types of commercial general liability coverage:
- personal liability
- property liability
The other major type of coverage is property liability. This will protect you if you damage someone else's property or you injure yourself while on their property. Property liability covers a wide range of things, including auto accidents, slip and falls, vandalism, and pet damage. This coverage can be extremely helpful if you've been sued for slander or libel or if you have to hurt somebody else physically. This will also help protect against slander or libel that could otherwise hurt your business' reputation.
If you're going to get commercial general liability insurance, it's best to compare it with your personal policy. If you already have one, talk to your provider about whether it's going to cover your business as well as your own personal assets, as well as any property damage you may have on your own. While you won't have to give this kind of protection if you have a private property policy covering your business, doing so could cost you extra since commercial policies can often be more expensive than your personal ones.
There are many different kinds of liability insurance, which is why it's important to know what you're getting. Some are "open," which means they cover any damages or claims made against you even without your knowledge or consent. Others are "closed," which means that you are able to sue only the party who harmed you, and that your property damage and other claims are covered exclusively by your insurance company. Another kind of coverage, called "all risk" insurance, covers you and your customers for any injuries or property damage brought on by your business, but you are not covered for any actions or negligence on your part. This is the most complete type of coverage and probably the one you should get, depending on your business needs and your budget.
