Owning and running a business comes with a lot of rewards as well as risks. Taking the appropriate measures to mitigate those risks involves having strong hiring practices, safety programs, and disaster planning/business continuity plans in place in addition to the right mix of insurance coverages. To protect your assets in the event of a third-party lawsuit involving bodily injury or property damage, a Commercial General Liability policy is must-have insurance.
At First Choice Insurance of America, we take the time to get to know your operation from top to bottom, the products you produce or services you provide, your customer-facing interactions, contractual agreements, and other important factors that contribute to your exposures. From there, we can put together a Commercial General Liability policy with the right limits and coverage terms to meet your business needs.
Commercial General Liability insurance protects your business from financial loss in the event your liable for bodily injury, property damage, and personal or advertising injury caused by your services, business operations, or your employees. Mental injuries and emotional distress can be considered “bodily injuries,” even in the absence of physical bodily harm. Personal or advertising injury can include claims of libel, slander, false arrest, infringing on another’s copyright, malicious prosecution, use of another’s advertising idea, and wrongful eviction, entry, or invasion of privacy.
The policy covers the costs of your legal defense and will pay on your behalf all damages if you are found liable—up to the limits of your policy. It’s important to have the right limits in place, particularly in light of the spike in litigation over the last several years.
Commercial General Liability doesn’t cover allegations of financial loss as a result of the professional services provided. You need Professional Liability insurance for this. It also doesn’t cover injuries to employees – that falls under Workers Compensation insurance.
We can extend the limits and coverage available in your Commercial General Liability policy with Commercial Umbrella insurance designed to provide extra protection in the event of a catastrophic liability loss. Let First Choice help you safeguard your assets.