Liability insurance protects your business when it’s sued for negligence. As a business owner you know there are many variables that can come with owning a business. You are liable for unintentional accidents, mistakes or injuries in which you or your employees may be involved in. Business liability insurance helps you with the costs of legal defense and legal damages. It covers medical expenses, attorney fees and damages when you are legally responsible and other expenses you might have never thought of.
Anyone who comes in contact with your business can file a claim or lawsuit against you. Someone can trip and fall, and now needs money for medical bills, business liability has you covered. A client purchases a product of yours and it proves defective, and you have to pay for attorney fees and damages, business liability has you covered. You have a disgruntled ex-employee who is bringing legal action against you, again business liability has you covered.
Every business is different, let us put together a business liability program that works best for you business.
- Professional Liability or Errors and Omissions (E&O): Insures against client claims of financial harm due to your mistakes or other failures.
- Commercial General Liability to protect you against costly lawsuits arising from accidents and other hazards. This covers legal costs, judgments and settlements up to specified limits.
- Employment Practices Liability Insurance (EPLI): Protects you against claims by employees (and even job applicants) that their rights have been violated.
- Cyber Liability: Theft of confidential data like customer records and financial information. Can cover compensation and other costs of putting things right.