General Liability Insurance
General Liability Insurance Information
General Liability Insurance
Making your business successful means meeting the needs of your clients. However, you can’t predict the future, and you never know when something might go wrong and wind up causing a customer harm. Still, you can be prepared for anything by having adequate liability insurance benefits in place.
Your primary liability benefits will come from commercial general liability (CGL) insurance, which is the foundation of a strong risk management portfolio for any business. To get your benefits today, contact Arnold Bruce & Doerfler Insurance at (503)-222-1951 or click here for your free quote.
Common General Liability Insurance Questions
Why is general liability insurance important?
To be liable for something is to be responsible for it. In your business, you have plenty of responsibilities, including the responsibility to do a job for your clients without causing them any additional problems.
But no matter how hard you might try to prevent problems, you can’t ignore the fact that sometimes accidents will happen. At this time, the affected party might hold your business responsible for their losses, and they might even sue you. Liability insurance will ensure that you can make appropriate remittances to the affected party.
Who qualifies for general liability insurance?
General liability insurance is the base of coverage that is essential for nearly every business in every industry. It helps you address the fact that when you are at fault for someone else’s losses, you must compensate them. By having coverage in place, you won’t be obligated to pay for these third-party losses out of your own pockets.
What does general liability insurance cover?
CGL insurance will cover common challenges that might occur through your interactions with third parties. These include:
Bodily Injuries: If a client trips over a broken tile in your store, falls and gets hurt, then this coverage can pay them for medical costs and other expenses or lost income.
Property Damage: In the course of your work, you might cause property damage to another party’s belongings. This coverage can help you pay for their losses.
Personal Injuries: Someone might allege that you committed acts like libel, slander or copyright infringement. If you must settle with them, then you might be able to use your liability plan.
Products/Completed Operations Liabilities: Sometimes, the products you make or the services you provide someone might cause them harm. For example, a coffee cup you manufacture might unexpectedly shatter and spill burning liquid on a client. If they sue you, then liability coverage can help you fight back.
Your coverage will also provide legal assistance and can cover your attorney’s fees as they arise.
How much general liability insurance coverage do I need?
You want to minimize the personal financial loss that a liability lawsuit might cause your business. Therefore, to set your coverage limits, you need to consider numerous factors, including your own net worth and the average cost of a liability lawsuit in your specific industry. Our agents will help guide you through the process of setting appropriate coverage limits.
How much does general liability insurance cost?
We are committed to helping every client find general liability insurance benefits that meet both their risk management and overhead objectives. Though all policies have different cost markers, our priority is to provide the solution that will fully protect you without putting a large dent in your wallet.