General Liability Insurance
Worst case scenario? Bring it on.
// AUSTIN FLEET PROTECTION
get peace of mind.
General liability is a type of policy that protects your business from claims made against you due to normal operations. General liability coverage is often included as part of other types of insurance policies, such as commercial property or commercial auto coverage. Business Insurance insurance can help cover legal fees and settlement costs for negligent behavior that causes harm to clients in your shop or store.
Business Insurance can also provide coverage for claims that result from a customer slipping and falling in your store. And if someone’s reputation is damaged by something you or an employee said or wrote about them, the associated costs could be covered. Business insurance is not required by law, but it’s a practical way to manage the financial risks of running a business.
What’s the Benefit of Having General Liability Insurance?
As a small business owner, you may be legally responsible if another person gets hurt at your place of work or their property is damaged while you are on the property. Make sure that no matter what happens, protect yourself against any potential risks with this type of coverage!
You should consider general-liability coverage if you or your employees:
Require Coverage To Be Considered For A Project. A General contractor needs general-liability insurance with property damage coverage as part of the license requirements in Texas.
Use third-party locations for business-related activities. Fitness instructors need property damage coverage for some certifications, and it’s usually required if they work at a gym.
Marketing Your Company
Use advertising for marketing your company.
Commercial property renters could be required to have commercial liability insurance coverage as part of their commercial lease.
Interact With Clients
If you visit a client’s place of work or the client’s visit yours, there is always the possibility someone could get hurt and require medical costs.
Most Importantly: It lets you run a legal business
A small business owner needs coverage for the protection of its clients ever needing funds to cover a bodily injury physical injury caused to someone inside your business, and Any liability claims could potentially cost you thousands in legal defense,
The city of Austin, Tx, will only give you a business permit if you have active business Insurance and a certificate of insurance. If your business is certified or accredited by a professional organization, you might be required to keep your commercial general liability insurance active all year long.
How much does General Liability Insurance Cost?
The cost of business liability Insurance coverage varies with several factors based on the size of your business, the industry you are in, your location, and the amount of coverage you need.
For example, construction companies are likely to see higher insurance quotes and pay a higher rate than consulting companies. Other factors that can affect your general liability coverage cost include your company’s:
Years of Experience
Number Of Employees
Policy Details, like Coverage Limits and Deductibles
Insurance Claims History
What is the maximum amount of coverage that you need?
Depending on your aggregate limit, the higher your total coverage limits, the higher your small business insurance costs.
What is your deductible?
If you have a larger deductible, you’ll pay less for business liability insurance for your small business.
The best way to determine your commercial business Insurance cost is to get insurance quotes. You can tailor your policy to fit your specific needs.
What does General Liability Insurance cover?
Bodily injury is a widespread occurrence in the workplace, and it’s something you want to be familiar with. Say, for example, one of your clients trips and falls over a loose end carpet. Or maybe an accident occurs while on a client’s premises.
If your client is injured and if you’re legally liable Commercial general liability insurance for businesses can help cover claims by third parties if your client becomes injured while on the job!
Medical bills can be expensive, which is why it’s crucial to have a robust general liability insurance policy in place. When an accident occurs and someone other than you or an employee is injured, Medical coverage can cover up to $5000 in medical expenses per person.
For example, You are a contractor at a job site; a client could trip and fall over your ladder, resulting in a broken bone. Injuries could also occur in CrossFit gym, such as when a client is doing pull-ups and slips and falls and twisting their ankle. Or a spin class instructor could place her gym bag on the ground before class, and a student trips over it and strains a muscle.
Damage to Someone Else's Property
Property damage is a massive expense that you may be responsible for. We offer coverage to the property of another person or business as part of our commercial general liability insurance, which covers damages caused by either yourself or one of your employees in their capacity at work – but not for your property.
The costs of accidents can often be challenging to determine and assess. Still, with this coverage, you will never have to worry about financial loss because it protects both yourself and your assets from lawsuits filed due to an accident or injury caused by another person’s negligence.
If you run a clothing store business, for example, and have employees who are out to lunch and talking about one of your clients in a false and unflattering way, you could be sued for slander.
We may cover the subsequent claim, up to your commercial general liability policy’s limits of liability, and pay for an attorney to defend you if needed. Whether you commit the act of libel or slander or your employee does, your business could suffer significant financial loss from having to defend or pay for a claim that arises out of the situation if you don’t have
General liability insurance would protect you from the unintentional use of a third party’s idea if used as part of your ad campaigns. We may also cover claims relating to copyright infringement or trade slogan tapping; there are some limitations on this type of coverage, so make sure what exactly will be covered before getting into too much detail about potential risks involved!
Legal fees can quickly soar into thousands of dollars if you don’t have a plan in place for your defense. If you are sued for a general liability claim, your insurance provider will appoint a lawyer if necessary, even if the lawsuit is groundless.
Your insurance provider will cover defense costs on your behalf without reducing your limit of liability. If you’re running a small business, you can’t afford not to have insurance to pay for high legal fees in connection with legitimate or frivolous claims made against you or your business.
Actions of Your Full-Time Employees and Temporary Staff
One of the most important things to remember about your general liability insurance is to cover any employee or temporary staff actions. This means you need coverage for both full-time and part-time workers, as well! Your business could be sued due to an employee’s efforts, regardless of whether the employee is full-time or temporary. We can help you stay protected with workers’ compensation for small businesses.
General Liability Insurance FAQs
What is general liability insurance?
General liability insurance, also known as a business owners policy, is a type of insurance policy that helps protect your business from claims resulting from normal business operations. General liability insurance may help cover expenses related to injuries at your place of business, saving you financially.
What is commercial general liability insurance?
General liability insurance may help cover expenses related to injuries at your place of business, protecting you financially. General liability insurance may also provide coverage for claims that arise from advertising injury, personal injury, or copyright infringement. General liability insurance can be purchased as part of an all-inclusive package policy or stand-alone policy. Many companies choose to buy additional insurance, protecting against employment practice liabilities like discrimination and wrongful termination.
What does general liability insurance cover?
If your business is sued, you can use general liability insurance to cover legal fees and settlements. Advertising injury, attorney fees, court costs, and administration fees typically fall under general liability insurance, too.
Will it cover theft?
General liability insurance may cover theft as long as it’s not from your business property. General liability insurance covers only third-party losses for which your business may bear some form of negligence.
How much does general liability insurance cost?
General liability insurance costs vary from business to business, but the price will generally depend on factors such as your number of employees, geographic location, and your industry. General liability insurance for a large national retailer will likely cost more than general liability insurance for a local mom-and-pop shop in a small town.
Is general liability insurance coverage required by the state of Texas?
General liability insurance is not required by state law in Texas, but it may be necessary for businesses that do not want to risk the high cost if something goes wrong. Small business owners can protect themselves financially and ensure peace of mind while operating their business.
What is additional insured on general liability insurance?
You might name an individual, group of individuals or even another firm as additional insureds with the title “Additional Insured(s).” The amount they’re covered for is usually less extensive than what you get from being named a Policyholder. However, there could still be some significant protection against things like defense costs in lawsuits brought by third parties if that applies under their particular situation!
Can I get general liability coverage today?
Yes, we know many clients will ask you to have a minimum general liability insurance coverage level before starting the business relationship. Typically this means that your company needs $1 million in place, and it must be able for them now- otherwise, there’s no way around going through all these formalities again down future endeavors or events where something goes wrong! Let us take care of those worries by providing what is necessary today to move smoothly tomorrow.