There are few things that businesses fear more than lawsuits — not just because they’re always possible, but because they have potential to be financially devastating. ProtectALL Insurance can help you put together a policy that covers your company’s unique needs.
It’s not unthinkable that even a single lawsuit could make a serious dent in the finances of your business. That’s why ProtectALL Insurance helps Ohio businesses like yours get reliable protection at competitive prices – to minimize the economic impact of legal action.
General liability insurance covers accidents that occur over the normal course of business, but are not directly connected to a specific service provided by the organization. These are known as “non-professional negligent acts.”
Types of accidents that are covered by general liability insurance include:
Bodily injury, defined as compensation to individuals (including both employees and customers) injured on the business’ property, may cover medical bills, disability benefits and similar expenses.
Personal and advertising injury, addressing incidents that do not do physical damage to people or property, covers claims such as advertising idea theft, copyright infringement, invasion of privacy, libel and slander.
Property damage, defined as compensation to individuals or organizations whose property is damaged, can apply to damage occurring on the business’ property as well as damage caused by its day-to-day activities.
In addition to the above, general liability insurance offers compensation to the business for the legal costs of addressing thse claims. These expenses may include court fees, defense costs and settlement costs.
Though state and federal law seldom mandates that businesses carry liability coverage, it is always worth looking into the mandates related to your type of business. In some cases, liability insurance may be required in certain industries or to earn certain licensure.
Depending on the industry you operate in, you may be required to purchase additional liability options, or you may consider it worthwhile to include them in your coverage. Some of the liability insurance policies with which ProtectALL Insurance can connect you are:
To learn more about the liability insurance options available to your business, get in touch with ProtectALL Insurance today.