Every business needs to have liability insurance — even if you work out of your home. That’s because anyone that comes into contact with you or your business can file a claim against you. And the reasons for it can range from someone getting hurt to a contract dispute.
Let’s take a quick look at what this must-have policy covers. Keep in mind that depending on the nature of your business and level of risk you encounter, you may need to carry higher limits of coverage. C. H. Smith Insurance will help you determine how much and whether you would benefit from any policy enhancements.
Are medical expenses covered if someone is injured?
Yes. Your policy will include a specific coverage for medical expenses should a third party become injured at your place of business. It will not provide coverage if you or an employee is injured. That would be covered under Workers Compensation.
Will general liability insurance take care of my legal fees?
Attorney fees can really add up in legal battles. Thankfully, if there is a situation where you, your employees, or one of your products or services caused harm or damage to another party, your general liability policy will provide coverage for defense and damages. General liability also covers you in claims of slander or libel.
Will general liability cover me if I make a mistake?
Unfortunately, no. General liability will not cover you if you make a mistake. But professional liability does. Ask C. H. Smith Insurance about specific professional liability coverages for your industry.
What additional coverage options can I add to my general liability policy?
There are quite a few options you can add on to your general liability policy. This includes things like adding coverage for liability from employment practices; damage to customers’ property in your care, custody, or control; damage to electronic data; and expanded liability coverage for damage to rented properties, too. C. H. Smith Insurance will walk you through if and how any of the available policy enhancements make sense for your business. We also have numerous other options you can add on that provide additional coverage for retail business and beyond. Ask us about which enhancements we have for your specific business.