What is Commercial General Liability Insurance?
General liability insurance protects your business against liability claims resulting from bodily injury, property damage, advertising injury, and personal injury regardless of whether or not your business is at . Coverage limits are legal costs associated with settling a claim. In addition punitive damages are not covered by general liability insurance as these damages are penalties for intentional acts. Moreover, for businesses looking for protection against claims arising out of faulty services, general liability insurance will not be of much help. Coverage against this type of claim can be acquired with an E & O policy, also known as errors and omissions insurance.
Most commercial general liability policies start with limits of one million and go up from there. For coverage limits exceeding the upper boundaries of most general liability policies, excess policies can be extended to provide further coverage up to 10 million or more. Regardless of your coverage limits, any claim settlements that exceed policy limits will need to be provided out of pocket by the business owner! With this in mind, it is very important to diligently plan liability coverages to properly protect against the most costly and unique risks generated by your type of business.
Liability Insurance for Small Business.
Almost 80% of all small businesses in this country are organized as sole proprietors and thus their personal and business assets could be exposed in case of a business liability loss. The good news is that for small business owners, there are several ways to reduce this risk. General liability insurance can be obtained separately, or for low risk businesses, as part of a BOP (Business Owners Policy), which packages general liability property and other coverages into a single policy.
The amount of coverage needed by your business will vary based on the amount of risk generated by the activities of your operation. Operations with a high degree of inherent risk will need more insurance than lower risk ventures.
General Liability Insurance Quotes.
For a free general liability quote for your business, please complete the contact form at the top of this page and a professional with Imperial Agency will contact you shortly to answer any questions you may have, and gather additional information about your business. Here is a sample of the kind of businesses we write:
What Our Valued Clients Are Saying!
"You reduced my General Liability premium by $2,600 a year! Thatís $2,600 added to our bottom line with one phone call."|
"Your Affordable rates and consistent service that you offer has been great and has helped push my business forward. Thank you for everything!"|
"I called your office and at first was skeptical - but you reduced my Liability cost by $1,800 a year with a national carrier. I canít thank you enough!"|
"I have limited time to be calling and chasing certificates, but you set it up so that it's done and I can focus on my business instead of insurance."|