Compare These Top Vendors for Liability Insurance
Get specialized liability coverage for your business. State Farm agents understand the needs of small businesses in your market, and can help you protect your business with the right plans. Find an agent today.
Providers of medical liability insurance to the healthcare industry. Research companies offering medical professional liability insurance and medical malpractice insurance for medical, dental, and nursing professionals.
www.business.com/insurance/medical-liability-insurance/Directory of foreign general liability insurance providers.
www.business.com/insurance/foreign-general-liability-insurance/Providers of general liability business insurance. Find vendors of general liability insurance and get quotes to protect your business from the unexpected.
www.business.com/insurance/general-liability-insurance/Directory of liquor liability insurance providers, agents and brokers to protect your business if you sell, distribute, manufacture or otherwise provide alcohol beverages to your clients.
www.business.com/insurance/liquor-liability-insurance/One of the most important types of insurance is business liability insurance, which protects the company against any negligence claims. When the company is sued by an angry client, business liability insurance can play a major role in reducing the da...
www.business.com/insurance/business-liability-insurance/As a business, you are bound to run into problems where insurance is necessary. Every business should be investing in commercial general liability insurance. This is the most basic form of insurance, and therefore should be accompanied by Business In...
www.business.com/insurance/commercial-general-liability-insurance/When you are in the contracting business, you need contractor liability insurance. Every company needs insurance in some form.
www.business.com/insurance/contractor-liability-insurance/Source: /guides/general-liability-for-small-business-47876/
General liability is usually sold as part of a package of insurance and it’s just one of the many kinds of business essentials you’ll find in the Business Owners Policy (BOP) that most small to medium-size companies will need to purchase. BOPs give you big-business buying power by bundling and discounting the costs of many kinds of insurance that you need, such as property, liability and crime. Read More »
Source: /guides/business-liability-insurance-967/
You've worked long, hard hours to build your business into a profitable enterprise. Now you need to protect it with general liability insurance that will cover such instances as the following: a customer trips on the carpet in your shop; a client injures herself using your product; an employee breaks a 17th century antique while on the job; or a coffeemaker left on overnight ignites a fire and damages your landlord's building and other tenants' property. Read More »
General Liability Insurance: What You Need to Know
Commercial general liability insurance is the most basic form of liability protection for business owners. For the most part, this is limited to bodily injury or property damage. Depending on your industry, business type, or location, more specific additions to general liability may be necessary to fully protect your business and employees from a lawsuit.
Your business can be held responsible for injuries or damages incurred on or off your property, even if you are not negligent. In the event of a lawsuit, your insurance carrier will pay for your defense, including court fees, judgments, settlements, and medical expenses.
Your Estate Plan
You should include all of your general liability policies in your estate plan.
- The language in the estate plan concerning your business will depend largely on who owns your business. If you and a spouse or other family members are joint owners of the business, the estate plan needs to reflect this status and all related insurance policies.
Purchase a Comprehensive Plan
A comprehensive insurance plan will include umbrella liability and errors and omissions insurance.
- Umbrella liability provides additional coverage when the client exceeds limits to a policy.
- Errors and omissions insurance should include: legal defense costs, covered w2 employees and 1099 subcontractors, copyright and intellectual property infringement, personal injury and worldwide coverage for lawsuits brought in the US. Get a general liability insurance quote that includes these additions.
Protect Your Estate
Without liability insurance in place to protect your business and your personal assets, lawsuits against your business can easily liquidate your entire estate if the awards are high. Having enough of the right kind of insurance can protect your personal assets and your family's future.
- Lawsuits are costly. Even if you are ultimately found not to be at fault, you still need to front the cash for your defense and court fees, which can pull funds out of your business and your personal accounts. Your business’s cash cushion – and your kid’s college savings – can both be at risk.
Update to your facility
Most general liability business insurance providers offer checklists for business owners with recommendations for improving the safety of their business property.
- This helps you and your insurance providers alike to evaluate the overall soundness of your facility.
- Your insurance provider may recommend upgrades you should make to your facility. With these upgrades, you can qualify for better insurance rates. Without them, you may not be able to find a provider to cover you at all, so be sure to follow their recommendations.
Remember to get general liability insurance quotes from as many companies as possible to find the most competitive rate. If you're not totally satisfied with an insurance quote, keep shopping until you find the plan that's right for your business needs.
If you're interested in liability insurance, you may also want to consider home insurance and workplace safety.
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Tips & Advice for Liability Insurance
Have you been looking for quality liability insurance? This type of insurance is absolutely essential in a number of fields from automobile to work related to anything where injury is a risked. Becoming liable for any type of mishap can be extremely expensive and so it is prudent to always be prepared
There are quite a few options when you are considering different types of liability. Prior to making your decision there are a number of things to think about. The first thing to consider is what type of insurance you need and the amount of risk involved. Depending on what is being insured, liability can vary quite a bit from the very expensive and hard to insure where risk is more prominent, to relatively inexpensive and easy to insure low risk situations. The next thing to consider is the amount of coverage. There is often a minimum, and this may even be regulated by law in your area. Additional coverage above this may save money if an accident should occur, but generally means higher premiums. Other things to consider are co-pays, general cost, and of course the reputation of the company you are purchasing from.
Considering your options is always a good idea. Business.com offers many sources to make your decision easier.
Browse the links to the left and find liability insurance that works for you
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