Sacramento General Liability Insurance

General Liability Insurance

Protect your business from liability claims with a great general liability insurance policy. Often referred to as business liability insurance or commercial liability insurance, general liability insurance will help to protect your company from insurance claims regarding bodily injury and property damage. 

What does general liability insurance cover

Property damage and bodily injury are two risks general liability insurance can help to cover. It may also help to protect you for;

• A customers medical expenses if they slip and fall on your companies property
• Repair costs to fix a wall that your employee damaged while working
• Legal costs to defend your business in a legal case
• Judgments & settlements from a customer

General liability insurance can help to protect your company from multiple risks such as bodily injury, property damage, personal injury, and other risks specific to what’s outlined in your policy. A few items a general liability policy may include are;

• Bodily injury and property damage liability
• Personal and advertising injury
• Medical payments
• Products completed operations
• Damage to premises rented to you

Which businesses need general liability insurance

It’s very common to combine general liability insurance in a business owners policy. Although, there are stand alone options that many take advantage of. One accident can result in a lawsuit that could potentially cripple a small business. Which makes having a good general liability insurance policy important for all businesses, small and large scale. You will want to make sure you have coverage acquit to your companies risk level. Also keep in mind, before some customers will do business with you, they will want you to have some sort of protection in place. 

Business liability insurance for contractors

There are some contractors that may be okay with a stand alone general liability insurance policy and won’t need a full business owners policy (BOP). If you don’t have commercial buildings then the commercial property insurance portion of a BOP would not be necessary. In addition, you may not need to cover payroll or operating expenses.  

How much are general liability insurance premiums

General liability insurance can vary from company to company, state to state, and business insurance company to business insurance company. There are many factors to consider when looking into a policy. 

The first factor is the kind of business you have and the risks associated with that business. If you run a business with high risks, your premium more than likely will be higher than an industry with lower risks. A good example may be the risks a construction company may have versus a business for tax consultants. More than likely the construction company has more risks involved in day to day operation so they will prolly have higher premiums. Some of the factors that could affect your general liability insurance rates can include;

• Years of experience
• Location
• Size
• Building condition
• Policy details, like coverage limits and deductibles
• Insurance claims history

Typically the best way to find out what your companies premium would be, is to speak too local business insurance agent such as Beacon Business Insurance Solutions. The agents at Beacon will take a look at everything involved and help you to find the insurance coverage you need at the best rate available. 

If you would like to get a hassle free general liability quote, please give us a call today at 916-273-8391