General Liability Insurance Wilmington NC
General liability insurance is not always clear cut. With so many terms, acronyms, and coverages consequently can make your head spin. GL protects your business from another person or business’s claims of bodily injury, associated medical costs and damage to property. Some examples of what could be covered are below.
Bodily injury helps should a client fall over your bag and you are legally liable for the injury. As a result, your general liability policy will cover the subsequent claim and related medical expenses up to your General Liability policy’s limits of liability.
Property damage and data loss helps you spill coffee on a client’s server causing damage and loss of data. Your policy will cover the subsequent claim up to your General Liability policy’s limits of liability.
Personal injury covers if let’s say one of your employees is at lunch. He spoke to the owner of the shop about one of your clients in a false and unflattering way. Consequently the client learns of this discussion and sues for slander. Most of all, your policy will cover the subsequent claim, up to your General Liability policy’s limits of liability, and pay for an attorney to defend you if necessary.
Get Liability Insurance that best meets your needs.
General liability insurance will not protect you from everything. For example General liability will not cover you against claims of negligence, even if it isn’t you or your business’ fault. Some people buy other business liability insurance along with general liability
Professional liability insurance can be added in addition to your General Liability policy. This is also known as E&O Insurance. It covers for another person’s claims against businesses that provide professional and personal services.
Business Owners Policy (BOP) is enhanced insurance that combines general liability insurance and property insurance.
Why do you need General Liability Insurance?
You should consider general liability insurance coverage, also called commercial general liability insurance, if you or your employees Interact with clients face to face . Or If you visit a client’s place of work, or clients visit yours Do you have access to a client’s equipment? For example, IT professionals should be covered against potential claims with IT business liability insurance
If you represent your client’s business or use third-party locations for any business related activities you may need GL Insurance.
Remember you are required to have General Liability Insurance before you enter in to a contract.
Atlantic Coast Auto and our team is very familiar with helping businesses stay in business. Have more questions? Stop in today and let’s discuss your options