A General Liability package policy protects your company in
the event that a client is injured on your premises or if
you or one of your employees injures someone or damages
property at a client's location. Liability insurance is
designed to offer specific protection against third party
claims, i.e., payment is not typically made to the insured,
but rather to someone suffering loss who is not a party to
the insurance contract. In general, damage caused
intentionally and contractual liability and not covered
under liability insurance policies. When a claim is made,
the insurance carrier has the right to defend the insured.
The legal costs of a defense are not always affected by any
policy limits, which is useful because they can be
significant where long trials are held to determine either
fault or the amount of damages. The General Liability
coverage on a business liability insurance policy also meets
your landlord's requirement that you carry business premises
liability insurance.
Why do California business owners, purchase a General
Liability insurance policy?
In many cases, California business owners will purchase
general liability insurance as part of a Business Owner's
Policy (BOP), however, you may not need all of the coverages
available with a BOP policy depending on your business and
its location.
Liability insurance protects the assets of your California
business when it is sued for something that caused an injury
or property damage. For instance, you could have a
California business that does not have clients or consumers
come to your office site, however if your business is sued
in some way for property damage, personal injury or
advertising injury, your liability insurance policy can
provide you with the necessary protection you require.
Examples of how a General Liability Policy can protect your
business.
1. If you advertise your California business and another
party claims false advertising. Your liability insurance
policy can provide you with protection.
2. If a delivery man slips and falls at the front door of
your business site, they could sue you for bodily injury.
Your liability insurance policy can provide you with
assistance and pay for the person's medical expenses.
3. A General Liability Policy can pay legal defense costs if
certain liability claims are brought against your business,
whether or not you or another individual or company is at
fault.
