General Liability Insurance
General Liability Insurance Information
General Liability Insurance- Bellefontaine, Marysville, Columbus, OH
If you own a business, you need general liability insurance. Why? Because businesses have lots of risks and exposures that other policies aren't designed to cover. Plus, many small business owners don't have the cash in the bank to pay for injuries or damages caused by their business.
This is where the general liability policy comes in. For example, if someone is at your business and hurts himself, your general liability policy will pay for the injuries. Or let's say you make a product and sell it. The person who uses your product gets injured. Your general liability policy will take care of these injuries too. Or maybe you go to a trade show or convention a few states over and someone who visits your booth falls over your display and breaks a leg. Yes- general liability insurance follows you to the event and provides protection.
Besides bodily injury, general liability insurance can pay for property you damage as a result of your business.
Even more important, General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage. Many times it's not the dollar amount of the claim that hurts a business, it's the cost of legal representation to defend the claim.
So how much do you need? This is where an insurance agent comes to the rescue. We work with many small business owners to discuss general liability insurance. How it works, how premium is calculated, guidance on choosing the right limit, and much more. We work with you to decide to best course of action. Because your business is way too important to leave it all to chance or second guesses, You've worked too hard. And we want to make sure your hard work is protected.
How does General Liability Insurance work?
Bodily Injury Liability/Property Damage Liability
Protects a company’s assets and pays for obligations – medical costs, for example – if someone gets hurt on your property (called Premises/Operations) or when there are property damages or injuries caused by you or your employees. Liability insurance also covers the cost of your legal defense and any settlement or award should you be successfully sued. Typically these include compensatory damages, nonmonetary losses suffered by the injured party, and punitive damages.
Also provides coverage (damages and legal expenses up to your policy's limit) if injuries or property damage ever resulted from something your company made (product-related injury or accident) or service your company provided (referred to as Products/Completed Operations).
Advertising/Personal Injury Liability
Covers claims of false or misleading advertising, including libel, slander, and copyright infringement.
Works similar to medical payments on an auto insurance or homeowners insurance policy. It's a goodwill coverage in which fault doesn’t have to be proven in order to pay for damages resulting from bodily injury claims. It is designed primarily to protect the insured and insurer against lawsuits for negligence. It provides coverage for medical expenses sustained by a person injured on your premises or as a result of your day-to-day business operations. The coverage could include necessary surgical, medical, and dental services as well as funeral expenses if death results from the claim.
Fire Legal Liability/Damage to Premises Rented to You
Much like it sounds, if you are a tenant of the location where your business is located, the general liability policy can also protect you if you cause damage to a property that you rent, such as by fire or other covered loss.
Contact Alan Galvez Insurance Today
Request your general liability insurance quote with Alan Galvez Insurance NOW- 5 QUICK questions will get you started! Note: By submitting this form you won't get an "instant" rate- instead you get a team that will shop our companies to find the best policy for you at the best premium. We have several companies in-house and access to MANY more. So you can stop shopping and leave the hard work to us! A member of our helpful team will contact you within one business day, but usually much sooner!
Helpful Tip: Often, a business also needs commercial property insurance and/or commercial auto insurance to avoid coverage gaps and get the best discounts. We can help with that too!
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