Business & Commercial Insurance
Business & Commercial Insurance Information
If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.
Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. 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.
General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
Broad Range of General Liability Protection
- Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury
- Property Damage coverage for the physical damage to property of others or the loss of use of that property
- Products-Completed Operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided
- Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents
- Contractual Liability extends to any liability you may assume by entering into a variety of contracts
- Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types
EPLI (Employment Practices Liability Insurance)
EPLI provides coverage to employers against claims that have been made by employees, former employees and employment candidates, alleging discrimination (such as age, race, sex or disability), harrassment, wrongful termination and other employment-related issues (such as a breach of contract).
Typically, large corporations have hefty employment practices employment coverage in place. Preparing them for most any employment lawsuit that may come their way. Small and new business ventures however, are very vulnerable to employment claims such as these.
Garagekeepers Legal Liability
Garagekeepers protects the insured when storing customer(s) vehicle(s) at their covered location. An example would be an auto repair shop that keeps vehicles for repair. This provides protection in case a customer's vehicle is damaged by fire, theft, collision or vandalism.