General Liability Insurance
General Liability Insurance Information
Businesses across industries face many of the same challenges. Although you keep your business as clean and safe as possible, some accidents are unavoidable. This is why you need a comprehensive general liability insurance policy to protect your hard work.
Nolan Family Insurance works with business owners throughout Southwest Florida. With our dedicated staff and decades of experience, we will help you tailor a policy fit for your business and your budget. We want to help protect the hard work and resources you have put into your dream so that you can focus on the work instead of the what-ifs.
What Does General Liability Insurance Cover?
General liability insurance is designed to cover a range of claims against your business. It covers non-professional negligence incidents. In other words, it covers accidents not directly related to a specialized service or profession. The three main areas of coverage available under general liability insurance are bodily injury, property damage and personal and advertising injury.
Medical payment compensation is provided to those who are injured on your business’ property. For example, if someone slips and falls in your hardware store, general liability insurance can help pay for the victim’s medical bills or emergency service expenses.
General liability insurance can also pay compensation for damages, both physical and nonphysical. If someone’s expensive watch is destroyed on your business’ property, for example, general liability insurance can help pay for a replacement. This may also apply to damages you may cause someone else’s business related to libel and slander claims.
While the previous two areas of coverage are paid to the victim, legal expense coverage is specifically for your business. This side of general liability insurance helps protect your business in the event of a lawsuit. It can compensate you for general legal expenses such as court fees, defense costs or settlements.
Additional Liability Insurance
Keep in mind that general liability insurance doesn’t cover everything, especially on its own. You may want to bundle your general liability insurance into a business owners policy (BOP), which combines important coverages for small businesses.
Other liability insurance policies to consider include:
- Umbrella Liability
- Professional Liability
- Cyber Liability
- Products Liability
Insure with Nolan Family Insurance
Don’t let your hard work suffer in the face of an unexpected accident. Call Nolan Family Insurance at (941) 639-1122 or fill out an online quote form to get started today.
Common General Liability Insurance Questions
Essentially every business needs some form of commercial general liability coverage. This insurance protects against common dangers that businesses face day to day during operation.
The amount of general liability insurance needed depends on the size and industry of your business. Larger businesses in high-risk industries tend to need higher limits of general liability insurance. Speak with an agent from Nolan Family Insurance today to discuss how much insurance your business needs for complete protection.
Without this insurance, you could find yourself staring at a hefty lawsuit and other damages to be paid out of pocket. Most businesses fail within their first five years of operation due to money-related issues. With a reliable insurance policy, you can operate knowing that you’re covered in case of an accident.