02 Jun Employer Liability Insurance Phoenix
Arizona General Liability
Protecting your business from being sued is a very important aspect for any business owner no matter what size of company you own. Liability insurance or commercial insurance, as it is sometimes called; is a vital asset every business owner should have. It is important to protect yourselves against being sued for claims and possibly destroying the establishment you spent a lifetime building and dreaming of.
The kinds of different commercial insurance should be discussed thoroughly with an experienced agent that can help you determine the amount of coverage that best suits your business needs.
Commercial general liability insurance (CGLI) will protect the business from claims that are a result of bodily injury that include extreme medical costs or any damage to existing property. Examples of commercial general liability coverage include:
- Damage to property: One of your employees is making a delivery and damages property at the location of the delivery
- Personal injury: This helps to protect a business against slander, which is making a false or derogatory statement about an individual
- Bodily injury: This will cover a business in case someone is injured and you are legally responsible for. Example: an auto accident caused by your commercial vehicle where someone else is injured.
All of the above have limits of liability and the amounts will be determined by the type of policy you purchase. Lawyer fees are also included if the resulting claims require one.
A qualified insurance agent can help you navigate the different general liability programs and settle on the one that works best for your business.
Professional liability insurance (PLI) also referred to as (E&O) “Errors and Omissions” and (PII) Professional Indemnity Insurance is used mostly by professional advice or service providing companies or individuals to protect against lawsuits filed due to claims of negligence.
An example of individuals or business’ that may need professional liability insurance include:
- Personal trainers
Ask your insurance agent if this type of coverage is right for you!
Business general liability insurance is your company’s first line of defense against lawsuits resulting in bodily injury and property damage.
To make sure the policy you purchase satisfies ALL of your business requirements, speak with a certified and expertly qualified insurance agent. We will review and confirm you are properly covered or make suggestions specific to your business and coverage requirements if you do not currently have coverage.