Today’s businesses take on many different forms – from large companies with sprawling locations and thousands of employees to one-person companies that work out of their home. They all have one thing in common, however, when it comes to insurance. Every business needs liability coverage. Here’s why. Anyone that comes into contact with you or your business can file a claim against you. The reasons for the claim can range from someone getting hurt on your property to a contract dispute with a client or customer. Either way, attorney fees can add up fast – even without large settlements.
Crossroads Insurance is here to help you understand the importance of business liability insurance and how it works for you. We’ll shop our network of top-rated insurance companies to find you the best price and coverage. Please keep in mind that depending on the nature of your business and the level of risk you encounter, we may recommend you look at getting higher limits of coverage or that you add on specific policy enhancements to ensure you are fully protected.
Does liability insurance cover medical expenses if someone is injured?
Liability insurance will cover medical expenses for a third party injured at your business. This does not include you or your employees. That would be covered under Workers Compensation.
Will general liability insurance take care of my legal fees?
Litigation is expensive and sometimes unavoidable. Thankfully, if there is a situation where you, your employees, or one of your products or services caused harm or damage to another party, your general liability policy will provide coverage for defense and damages. General liability also covers you in claims of slander or libel.
Will general liability cover me if I make a mistake?
Unfortunately, no. General liability insurance doesn’t cover mistakes made on the job. That would fall under professional liability. If this is something you need, we can direct you to specific professional liability coverages for your industry.
What additional coverage options can I add to my general liability policy?
As with most insurance policies, add-ons or policy enhancements help us make a policy even more customized to your business. Some options you can add to your general liability policy include coverage for liability from employment practices; damage to customers’ property in your care, custody, or control; damage to electronic data; and expanded liability coverage for damage to rented properties. We also have numerous other options you can add on that provide additional coverage for retail business and beyond. Ask us about which enhancements we have for your specific business.