Everything you need to know about General Liability Insurance: Get Informed with Blue Ocean Insurance
As much as we love to talk about different pros and benefits that different insurance plans have, we also have to inform you about the negative stuff and the consequences of not having your business insured and protected by a General Liability Insurance policy. We don’t want you to suffer any legal issues, problems or headaches, so we decided to inform you about the possible situations in which you could end up in some legal trouble, and how this type of insurance plan will definitely be your salvation.
GENERAL LIABILITY INSURANCE
Liability is the greatest concern for any business owner. You never know when an accident could happen, and it might not be your fault! General Liability Insurance protects businesses from lawsuits filed due to injuries or property damage caused by their activities during regular operations
Lawsuits
When a lawsuit commences, your general liability policy will cover the costs of investigating or defending those claims. These could include paying attorney fees and witness expenses as well; even if you’re eventually successful in court without having to settle any judgment against yourself! Your coverage also makes sure that businesses are protected from losing money because they didn’t know what was going on with their own business – whether through honest mistake (but not negligence), fraud by someone who works closely enough within its inner workings–whatever happens though-if there’s no merit behind whatever suits filed against them then nothing is covered under ” General Liability Insurance.¨
Q&A
¿What does General Liability Insurance generally cover?
The typical general liability insurance policy will protect you and your company from claims involving bodily injuries or property damage resulting from products, services & operations. In addition to covering any accidents that happen on-site at work it’s also possible for an entrepreneur’s personal assets could be held liable if they’re involved in some way with what damages someone else’s landlord property!
How much can it cost?
General liability insurance is a necessary investment for any business. The cost of your coverage will depend on the specific risks you face and how many people are employed by or working at that company, as well as where it sits in regards to other companies with similar operations
The type/scope depends largely based on these factors: What work we do; Where located (city); Number of employees. Contact Blue Ocean Insurance and let’s begin your process!
What are some common terms or information that I need to know before deciding where to get my General Liability Insurance policy?
- Property damage can be costly and you may find yourself responsible for the cost of repairing or replacing property that was damaged by your negligence. It is very important that you keep this in mind.
- Medical payments are a major source of financial liability for businesses. This is regardless of whether it’s your fault or not! An example would be when someone slips on wet flooring and suffers injuries that require medical treatment, they will likely take their claim up with the company who operates/services this type of facility (you). So please keep in mind medical payments also.
- Finally, one of the most important things you should know about is personal and advertising injury. Libel and slander are incredibly serious charges that can have lasting effects on your life. If you’re sued for them, this could provide coverage to help fund any damages awarded against the claims-suit winner!
Please contact Blue Ocean Insurance if you’d like to begin with the enrollment process for a General Liability Insurance process. It might look like a great investment, but in the end, it will save you a lot of time, money, and headaches. Don’t wait for a legal issue to show up before you decide to enroll. Trust Blue Ocean Insurance in this process!