Here are three things you need to know:
- General liability insurance usually covers medical expenses, legal fees and damages when you’re legally responsible.
- Umbrella liability insurance protects your business from liability claims above and beyond your general and auto liability limits.
- A business owner’s policy, or BOP, is an affordable package that combines general liability and property coverage – perfect for small to medium-sized, low-risk businesses.
Action Steps
The best contacts and resources to help you get it done
Surf the Web for the best deals
Insurance search engines will comb hundreds of sites and offer instant quotes from multiple agents. General liability and property packages are competitively priced, but premiums do differ for small business policies.I recommend: Try Insurance Finder, LowQuotes.com or InsuranceNoodle, which work with prescreened insurance professionals nationwide and offer free quotes.
Decide what you need
Depending on what industry you are in, your needs for various types of liability insurance will vary.I recommend: Insure.com has a handy tool that lets you scroll a list of occupations – from accountant to pet groomer to Web designer – then will instantly recommend what liability insurance you may need based on the risks your business faces. For example, for freelance writers who work at home it recommends an add-on to homeowner's insurance to cover lawsuits. The Web site also defines types of business coverage – from accounts receivables to parking lot liability.
Check out the giants
Discover what major insurance companies are offering. This gives you a base by which to compare all the others – and you may decide to stick to the tried-and-true companies.I recommend: Go to State Farm to find an agent who can sell you nine types of business liability insurance, including, cyberspace liability and employment practices liability which covers sexual harassment and wrongful termination. Zurich for North America is a Swiss-based company that's been providing insurance for small businesses for 100 years. Nationwide will analyze your needs and customize a plan.
Go with someone who knows your industry inside out
If you go to an insurance company that specializes in your field, you'll deal with agents who know exactly what the unique issues are in your area and be able to help you with niche problems. If you're in high-tech, buy from a company with high-tech experience.I recommend: Techinsurance.com is an e-agent specializing in serving tech companies. InsureWithWalker specializes in rates for builders and construction industry trades. Nationwide offers liability insurance for agribusiness and farms.
Tips & Tactics
Helpful advice for making the most of this Guide
- Pay attention to the time frame your policy covers. Not all mistakes will be discovered at the time they're made. It may be years before the effects of bad financial advice or a computer error surfaces.
- Trade associations such as the Chamber of Commerce often offer group rates.
- Scrutinize policy details to find out if and how much legal fees are covered.
the Liability Insurance page at Business.com
State Farm® Official Site
We Offer Coverage for Your Special Business Liability Needs. Get Info!
Get Info Online
www.StateFarm.com
We Offer Coverage for Your Special Business Liability Needs. Get Info!
Get Info Online
www.StateFarm.com
Zurich Insurance Company
Free resources on commercial & business insurance. Visit today!
Real Estate | Dir. & Officers | Technology | Environmental
www.ZurichNA.com
Free resources on commercial & business insurance. Visit today!
Real Estate | Dir. & Officers | Technology | Environmental
www.ZurichNA.com
Compare General Liability Insurance Quotes
Get Multiple Quote in Minutes. Compare Top Carriers & Save on General Liability Insurance!
General Liability | BOP | Workers' Comp. | E&O
www.NetQuote.com/General-Liability-Insurance
Get Multiple Quote in Minutes. Compare Top Carriers & Save on General Liability Insurance!
General Liability | BOP | Workers' Comp. | E&O
www.NetQuote.com/General-Liability-Insurance
General Liability Insurance
Free Insurance Quotes. Top Insurance Agents Compete For Your Business. Huge Savings On All Types of Business Insurance!
www.USInsuranceOnline.com
Free Insurance Quotes. Top Insurance Agents Compete For Your Business. Huge Savings On All Types of Business Insurance!
www.USInsuranceOnline.com
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