If you are relying on your Business Owner’s Policy to pay for all expenses incurred from a claim or lawsuit filed against your company, you should reassess your coverage and consider investing in General Liability Insurance.
Your business qualifies for General Liability Insurance if it falls under the “standard market” category, which encompasses all non-hazardous occupations. Businesses with dangerous occupations, such as roofers, are sometimes required to purchase Excess Liability Insurance. Mountain Insurance: Longmont has the knowledge and experience to design a general liability line that covers your company’s specific needs.
General Liability Insurance (also called Commercial General Business Liability) Protects against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.
In the course of running a business life happens. People get hurt, property gets damaged. Basically accidents occur. As a business owner you want to make sure that when (not if) something occurs, you are appropriately covered. We simply cannot predict if someone might choose to sue due to injury related to your company. Depending on the type of business you run, the annual premiums can be small when considering the peace of mind they can bring.
