Protect your company with commercial liability insurance from Tipton Hill Insurance
Commercial Liability Insurance is the coverage that can ensure your business is protected from a variety of claims, including property damage, bodily injury, personal injury, and other claims that can result from your business activities.
As a small business owner or a contractor, you should have a form of business liability insurance to protect your assets. Accidents related to your business operations might result in lawsuits costing your business a fortune you cannot afford to spend. Making sure your business has liability coverage that matches your level of exposure is the best way for you to protect your business against these unexpected situations.
Things to Consider:
The cost of Commercial Liability Insurance will depend on your unique situation. Speak to our representatives who will browse and deliver the best insurance solutions customized to meet your business needs.
Protecting your business with Commercial Liability Insurance improves its reputation. It communicates to your customers that you have their interests in mind and will assume responsibility in the event your business is liable for damages or injuries that occur on the job. Moreover, protecting your business with Commercial Liability Insurance implies that your business intends to operate for a long time and is not willing to risk a claim that can damage its reputation. This reinforces trust and results in your business being taken more seriously.
Commercial Liability Insurance protects you from a variety of accidents. However, your business might have additional needs not covered by the Commercial Liability policy. Here are some incidents that are not covered:
- Employee injuries – Most states require coverage for your employees, which is only available under Workers Compensation.
- Commercial vehicles – If your business uses vehicles for its operations, they should be protected by Commercial Auto Insurance
- Professional mistakes – If your business provides professional advice or services, Professional Liability Insurance is something you should consider purchasing.
Popular Coverage Options:
Bodily Injury and Property Damage
The policy will pay for business-related incidents that result in bodily injury or property damage to a third-party. For example, if a customer slips and falls on your premises, or if a stone kicks up from your business’s lawn mower and breaks a client’s window, the policy will cover such incidents. However, keep in mind that Bodily Injury only covers non-employee injuries.
Products – Completed Operations
The policy covers both products and completed operations exposures. Products include any goods that you sell, manufacture, or distribute in your business. A business can find protection with the Products coverage in the event the customer suffers a physical injury or illness from the product. Completed Operations coverage offers protection against faulty work or services completed by the business. For the coverage to begin working, the project must be finished.
Personal and Advertising Injury
Commercial Liability policy covers harm caused by any verbal or written communication, including slander, libel, copyright infringement, malicious mischief, and other instances.
Any non-employee medical expenses for which your business is responsible will be covered by the policy, according to your selected limits.
Damage to Premises Rented to Your Business
The damages caused to non-owned buildings, structures, or land are generally covered by Commercial Liability policy. For the coverage to apply, either the insured or their business has to be legally liable for the damages.