General Liability Insurance

Learn about general indebtedness indemnity with more frequently asked questions about our coverage .
If you don ’ thyroxine find the answers you ’ rhenium looking for, our license policy advisors are standing by to help .
When you ’ re quick to explore coverage options for your business, you can get an moment quote on-line and leverage policy within a few minutes .

Is General Liability insurance required by law?

General indebtedness policy is frequently the first type of coverage purchased by new occupation owners, but it ’ s not typically required by law. It can help cover expenses if your commercial enterprise is held responsible for hurting person other than an employee or damaging person ’ randomness property.

even though it ’ s not required by law, there are respective advantages to have this type of indemnity — and respective situations where you could be asked to have this coverage :
Clients could ask you to have general liability
Your client could require that you have general indebtedness coverage as part of contract requirements so they know that you can pay for any accidental injuries or wrong related to your work .
Having a general liability security of policy besides demonstrates that you ’ re a professional and care about their property .
You might need coverage to get a license or permit
Some let and license organizations will only grant you a business license or professional license if you have active general liability insurance. For example, general contractors sometimes need general liability as character of the license requirements in their country .
Coverage could be required for a commercial lease
You might besides need general indebtedness indemnity as part of a commercial lease agreement. If you rent property for your business, you could be asked by the property owner to carry liability policy with specific policy limits in case an accident damages the property .

What is the difference between Professional Liability and General Liability?

We get this question a lot. In fact, we even created a web log post that covers the many nuances of professional liability vs. general liability. here ’ s a promptly overview :
Professional liability indemnity and general liability indemnity offer similar benefits but there is one major difference — professional liability insurance covers professional mistakes and accusations of neglect. It ’ s frequently related to advice that you provide to a client or customer, not accidents that happen at the workplace .
General liability insurance provides financial protection for accidents that are more physical in nature, such as property damage and injuries involving people who are not your employees. It besides covers expenses related to accusations of libel, slander and copyright violation .
Professional liability covers your eat up work but does not cover accidents or damage caused to early people or their place .

What is the General Liability aggregate?

General liability aggregate is a coarse policy industry condition that you ’ ll run into when you are exploring options for this coverage. basically, it ’ s the maximum sum of money an insurance company will pay out during your policy condition, which is normally one year .
If your business has besides many claims in one year, you might hit your sum limit. In that case, you would be creditworthy to pay out of pocket to cover remaining expenses .
note that the aggregate limit is different from the “ per occurrence ” limit, which is the utmost sum your policy pays out per claim within the term of your policy .
For exemplar, if you have a general aggregate liability limit of $ 300,000 and you ’ ve already made three claims in your policy term ( normally a class ) for $ 100,000 each, you ’ ve reached your aggregate limit and your insurance ship’s company won ’ thymine embrace any extra claims .
It ’ south important to know your aggregate terminus ad quem when you purchase cosmopolitan indebtedness indemnity. If you exceed your specify during your policy condition, you will be responsible for paying for any expenses out of pocket that exceed the limit .
Learn more about aggregate limits with liability insurance .

Does General Liability insurance cover property damage?

General liability insurance covers expenses related to place damage, but only to place that does not belong to you .
For example, you ’ re doing make at a node ’ randomness house and by chance damage their laptop. Your general liability insurance would help cover the monetary value of replacing or repairing it .
If you own a contractor or cleaning business, tools and equipment policy can be added to your cosmopolitan liability indemnity to help cover repair and refilling costs for your gear .
commercial property policy would cover damage to other types of property you own. We presently don ’ thyroxine offer this coverage, but we ’ ra adding it to our insurance packages in 2021 .

Does commercial General Liability insurance cover automobile liability?

General liability insurance does not cover car liability or any expenses related to business or personal drive .
Add commercial car indemnity to your insurance package if you drive for business reasons. It can help cover expenses for :

  • Injuries if you are responsible for an accident
  • Property damage to other people’s property
  • Repairs for your vehicle
  • Towing and rentals if your vehicle is damaged

Learn more about commercial car coverage.

Does commercial General Liability insurance cover theft?

General liability insurance doesn ’ thymine cover the larceny of your own possessions but it might cover the larceny of your customer ’ south material .
If you ’ re repairing a garage door for a homeowner and person steals her bicycle while you ’ re out back, general liability could help pay for a successor. But if any of your personal or business items are stolen, you won ’ thymine be covered without extra insurance .
You can bundle tools & equipment policy with your adjacent Insurance general indebtedness coverage if you are a contractor or own a clean business .

Will General Liability protect me if my tools get stolen?

If you ’ re a contractor or own a clean business, you can add tools & equipment policy to protect your belongings if they are damaged or stolen. General liability won’t provide tools and equipment coverage if you don’t add this upgrade to your insurance package.
You might consider adding tools and equipment coverage if you work frequently at unlike locations because it will provide fiscal protection for your equipment wherever you go. For model, if there ’ s a water leak at the fresh house you ’ re build and your power tools get soaked, your policy could help pay for new tools .
Learn more about tools & equipment insurance .

Does General Liability insurance cover employee injuries?

General liability policy can help pay for expenses if your occupation is accused of causing an injury, but injuries to you or your employee are not included .
You ’ ll need workers ’ recompense insurance to help pay for aesculapian expenses and lost wages if an employee is hurt on the occupation. Most states legally require you to purchase coverage ampere soon as you hire an employee. It besides provides benefits for business owners if they get hurt on the job .
Learn more about workers ’ compensation policy .

Is General Liability insurance tax deductible?

Yes, cosmopolitan liability policy premiums can typically be deducted from your taxes. It ’ south crucial to consult with a accredited report professional to make certain you qualify .
The IRS categorizes payments you make for this character of indemnity to be both an “ ordinary and necessary ” business expense so be indisputable to keep a file of how much you pay every class for your policy .

What other types of insurance do I need besides General Liability insurance?

General liability indemnity offers security for a assortment of business-related incidents, but you might besides want to consider adding early types of insurance to be in full protected .
Are you a contractile organ or clean ? If so, you might want to add tools & equipment coverage to protect your gearing if it is damaged or stolen .
Are you worried about clients blaming you for mistakes ? For that, you ’ ll need professional liability insurance, besides known as errors and omissions policy .
Do you have any employees ? You should decidedly get workers ’ compensation indemnity, particularly because it ’ south legally required in most states .
Do you drive a fomite for work ? If sol, you ’ ll need commercial car policy .

How much General Liability insurance do I need?

There is no cut-and-dried answer to this interview. Each clientele is singular and has singular indemnity needs .
Factors that will influence the coverage you need, include :

  • The type of work you do
  • How many employees and subcontractors you have
  • The level of risk your company faces
  • The state where you work

When you complete an clamant quotation on-line with Next, you can review options and adjust limits to your predilection .

When will I get my policy documents and proof of insurance?

One thing that sets us apart from early insurance companies is our ability to deliver the indemnity coverage you need cursorily. It can take less than 10 minutes to purchase coverage and you ’ ll have clamant access to policy documents and your certificate of indemnity .
When your coverage is active, you can access your documents and COI from your on-line report 24/7 .
Learn more about our digital certificate of indemnity .

How do I make a General Liability insurance claim?

You can file a claim anytime and from anywhere, on-line or by calling us. You ’ ll be asked to tell us the details of what happened and to provide relevant photos and software documentation. We strive to make claims decisions within 48 hours then you can get rear to focusing on your solve.

Check out our claims page for more details .

How quickly are general liability claims resolved?

often, claims decisions are made within 48 hours, although some claims require more time. The specific details of the claim, how badly the damage is, how many people are involved and early factors all contribute to the decisiveness process .

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