Are you fully protected when it comes to your business?

by Susan Pagones on Tue, May 08, 2018 @ 02:00 PM

 

General-Liability-Hands

What does General Liability Cover?

Business owners are offered countless insurance products, but what is general liability and why do you need it? Antalek and Moore knows that accidents happen, no matter how much you try to avoid them. We are here so that if you find yourself with an accident on your businesses property, you will know how to handle it. General liability is all about protecting your company assets if there is a third-party lawsuit filed against your business due to a negligent act. Some of the accidents that could occur are as follows:

  • A customer trips and falls on your premises, sustaining injuries requiring medical treatment.
  • Your employee accidentally damages your client’s property on a job site.
  • A hot plate in the office kitchen causes a fire resulting damage to your rented office space.

The reason for having General Liability Insurance is that it will ultimately help cover the medical expenses, attorney fees and monetary damages that can result from either bodily or property damages for which your company may have caused. General liability is a type of coverage that is beneficial to have due to its application for a wide range of situations. The policy includes:

  • Medical payments for injuries sustained on your premises or job site.
  • Property damage coverage for damages caused by your company’s operations.
  • Advertising injury coverage, including copyright infringement.

However, not everything can be covered under the Liability Policy. Employee medical expenses are one of the main examples of what is not covered under the liability policy. Some other examples are:

  • Vehicles/ employees injured in a company vehicle
  • Theft of a product from your location

It is key to remember that when it comes to general liability, it is designed to only cover the harm that was done to a third party by negligent acts of your employees.

Is General Liability for me? If so, how much should I get?

It all comes down to the business itself and the perceived risk involved in it and any contractual obligations you business may have. For example, someone who runs a construction company would have a much higher risk as opposed to a graphic design company. We get that every business operates in different ways and we make sure to understand all of the fine print about your New York business, so you feel confident that every risk is accounted for. In order to make sure you are getting the right coverage for your business, we encourage to reach out and check with one of our professional agents. Our New York licensed commercial insurance agents work with national, regional, and specialty insurance companies to provide the most comprehensive policies at costs that are affordable. For further Information please call 845-831-4300 or stop in at our office on 340 Main Street, Beacon to protect you business today.

 

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