Commercial General Liability in Durham, NC, and Raleigh, NC
Your business must offer safe, quality services. However, you can’t ignore the fact that sometimes accidents will happen, or that they might harm others. If they do, then you might have a legal responsibility to repay the affected person. That’s why one of the pillars of your business insurance portfolio should be general liability insurance.
If you choose All About Insurance for your business insurance needs, then we will integrate your general liability coverage into your policy portfolio in the specific ways that make it most beneficial for your company. To find the perfect coverage, give us a call at (919) 321-2886 or get an online quote today.
Common General Liability Insurance Questions
What Is General Liability Insurance?
When you open a business, there are liabilities around every corner. To be liable for something is to be responsible for it. So, if something happens in the business, then it is often your responsibility to pay for. This means not only paying for your own losses, but also for the losses of others.
General liability insurance helps you pay when your mistakes or negligence (no matter how unintentional) cause someone else a loss. Because the accident happened on your watch, the affected person might have the legal grounds to demand that you pay for their losses, or even sue you for them. The presence of a liability policy can help you meet these challenges head-on.
What Does General Liability Insurance Cover?
A general liability policy is meant to cover the most common liabilities present in any business. These are generally:
- Bodily Injuries: If a client trips over a broken tile in your store, falls and gets hurt, then this coverage can pay them for medical costs and other expenses or lost income.
- Property Damage: In the course of your work, you might cause property damage to another party’s belongings. This coverage can help you pay for their losses.
- Personal Injuries: Someone might allege that you committed acts like libel, slander or copyright infringement. If you must settle with them, then you might be able to use your liability plan.
- Products/Completed Operations Liabilities: Sometimes, the products you make or the services you provide someone else might cause them harm. For example, a coffee cup you manufacture might unexpectedly shatter and spill burning liquid on a client. If they sue you, then liability coverage can help you fight back.
Besides the payments made to others, general liability insurance can provide you with financial support, too. For example, it can help you cover your own legal fees if a liability lawsuit goes to court.
How Much General Liability Insurance Coverage do I Need?
In the end, the goal of a general liability policy is to make sure your business doesn’t suffer a massive financial blow just because you made a mistake. Therefore, you’ll want to choose enough coverage to adequately protect your net worth against the repercussions of legal suits and related settlements. Our agents will gladly work with you to tailor your policy limits appropriately.
Keep in mind, general liability insurance alone is not all-encompassing. Therefore, you’ll often need to augment it with multiple more specific types of coverage such as:
Plus, some businesses in certain industries must carry certain amounts of general liability insurance in order to meet regulatory requirements.
If you are a small business owner who is looking for the best foundation for your general liability coverage, then consider buying it as part of a business owners policy (BOP).
BOPs include the property, general liability and business interruption coverage that are optimized to smaller operations. However, they are still customizable to the individual company’s needs. Still, they provide cohesion and affordability for coverage that might not be available if you buy your liability coverage in a standalone plan.
How Much Does General Liability Insurance Cost?
The size of your business, industry risks, payroll information, location and various other factors can influence how much you pay for a general liability plan. However, by working with an agent who is an expert in liability coverage, you’ll receive the guidance to set up the plan that offers you the most affordable benefits.
That’s what you’ll get from All About Insurance. We understand every business owner’s cost concerns for all their insurance needs, and we’ll help you meet the goal of getting a budget-friendly plan.