Although not required by law in California, commercial liability insurance is considered a good investment as it helps save companies from potentially devastating lawsuits. If you are a business owner, you don’t want your business to unexpectedly go bust due to a large liability claim, do you?
Also referred to as business liability insurance or general liability insurance, commercial liability insurance cushions your business against uncertainties that will not only destroy its reputation but also cause you financial ruin.
Practically every firm needs commercial liability coverage, especially small businesses. The smaller your business is, the more a liability claim can derail its operations. The policy is extremely helpful to companies in the fields of:
Keep Your Business Running Whatever Happens
Each company is different, but you want to ensure you are properly covered. Choosing the right policy means you keep your business in operation no matter what happens. A standard commercial liability insurance plan provides coverage for:
Bodily injuries your business caused to a customer either within your business premises or at the customer’s place.
Property damage your business caused to a customer’s property while conducting your operations.
Advertising injuries your business caused to someone or another firm while adverting your goods or services.
Personal injuries your business caused to someone or another business leading to a ruined reputation.
If you want additional protection, there are optional liability covers that you can add to your policy, depending on your type of business:
Professional liability insurance to guard your business against errors and omissions lawsuits. This compensates for legal expenses related to the professional services you are offering.
Employment practices liability insurance (EPLI) provides payment for legal fees for harassment or discrimination claims made by your current employees, previous employees, and potential hires.
Product liability insurance pays for customer injuries caused by the products your company sells or makes.
Liquor liability insurance covers your business against claims related to liquor. If you sell, manufacture, or serve alcohol, this coverage makes perfect sense.
Directors and officers liability insurance pays for wrongful act lawsuits against your directors and officers.
Buy a Tailored Commercial Liability Policy
Protect your California business from different kinds of lawsuits. If you want to discuss your requirements with us, call us at 925-866-1444.