• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Privacy Policy
  • Contact Us
Call Us Call Us Today | (863) 683-9334
Home
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Auto Quote Short Form
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Recreational Vehicle
    • Renters
  • Customer Service
    • AutomobileImage of right arrow
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • ID Cards Request
      • Declaration and Coverages Request Form
    • Business & CommercialImage of right arrow
      • Request Declaration and Coverages Page for Commercial Auto Policy
      • Request General Liability Certificate of Insurance
    • Homeowners
    • MotorcycleImage of right arrow
      • Request ID Card for Motorcycle Policy
      • Request Declaration and Coverages Page for Motorcycle Policy
  • Blog
  • Make a Payment
  • Resources
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
    • News Center
  • About Us
    • About Garland Insurance, Inc.
    • Location Map
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
 
Auto Insurance AUTO Read More
Homeowners Insurance HOME Read More
Business Insurance BUSINESS Read More
Life Insurance LIFE Read More
Health Insurance HEALTH Read More
Boat Insurance BOAT Read More
Home > Blog > What Liability Insurance Do You Need for a Business?
TUESDAY, DECEMBER 29, 2020

What Liability Insurance Do You Need for a Business?

several office workers sitting around a table having a meeting

Many businesses across industries face a range of risks when it comes to lawsuits both similar and different. It is important to consider your business’ unique needs so that you can get the right insurance.

Some of the most common and useful liability insurance policies include:

General Liability

General liability insurance is perhaps the most common liability insurance policy. This insurance covers three main areas:

  • Bodily Injury: Bodily injury general liability insurance covers medical bills someone may face as a result of an injury on your business’ property.
  • Property Damage: Property damage general liability insurance covers expenses related to third-party property that is damaged as a result of the business’ everyday operations.
  • Personal and Advertising Injury: Personal and advertising injury coverage provides compensation for claims concerning libel, slander, copyright infringement, theft of an advertising idea, malicious persecution and more.

Professional Liability

Where general liability insurance covers nonprofessional negligence, professional liability insurance covers professional negligence tied to a professional or specialized service. For example, if an advisor makes a mistake that costs a client money, professional liability insurance can cover the damages. This insurance is known by different names depending on your industry, such as errors and omissions insurance or medical malpractice insurance.

Cyber Liability

Cyber liability insurance is becoming increasingly important for every business across industries as more and more information is kept electronically. This insurance can cover expenses related to cyber attacks and data loss, including recovery costs.

Umbrella Liability

Umbrella liability insurance serves to fill in the gaps left by your other liability insurance policies. If your general liability policy or professional liability policy reaches their limits for a single claim, for example, umbrella liability insurance will step in to cover the remaining expenses. This also applies to the liability insurance available under your business’ commercial auto insurance policy.

Directors and Officers Liability

Directors and officers liability insurance protects your business and its key employees. If one of your directors or officers faces a claim due to their activities working for your business, directors and officers insurance can cover legal expenses. Many of these policies also include Employment Practices Liability (EPLI), which covers claims regarding discrimination, sexual harassment, wrongful firing or hiring, failure to promote, mismanagement of employee benefits and more.

Every business is different, so be sure to ask an insurance agent about your business’ needs. You may also need different liability policies and limits for certain licenses depending on your industry.

Also Read: Never Make These Three Business Insurance Gambles

Request a Quote

Posted 1:45 PM

Tags: insurance, business insurance, liability insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2012

  • insurance(39)
  • tampa(23)
  • florida(21)
  • home insurance(12)
  • auto insurance(9)
  • life insurance(6)
  • business insurance(6)
  • liability insurance(4)
  • commercial insurance(4)
  • claims(3)
  • homeowners(3)
  • car insurance(3)
  • business owners(3)
  • saving money(2)
  • term life insurance(2)
  • mortgage(2)
  • liability(2)
  • health insurance(2)
  • homeowners insurance(2)
  • lakeland(2)
  • teen drivers(1)
  • summer(1)
  • tampa insurance(1)
  • prescription drug coverage(1)
  • storms(1)
  • final expenses(1)
  • car technology(1)
  • accident prevention class(1)
  • retirement(1)
  • insurance for artisans(1)
  • new season(1)
  • septic companies(1)
  • maintenance(1)
  • insurance myths(1)
  • safety tips(1)
  • percentage deductibles(1)
  • renewing a policy(1)
  • tornadoes(1)
  • distracted driving(1)
  • in dash technology(1)
  • small business owner(1)
  • lakewood(1)
  • best age(1)
  • home exterior(1)
  • furnace(1)
  • small business insurance(1)
  • new homeowner(1)
  • sliding damage(1)
  • learner driver(1)
  • medicare(1)

View Mobile Version
Facebook
Twitter
LinkedIn
Google+
Progressive
Nationwide
Travelers
Safeco
Mapfre
Foremost
Southern Fidelity
Twitter Logo
Tweets by GarlandInsFL

Resources

Home About Us Get a Quote Customer Service Write a Review Newsletter Contact Us

Contact Us

Map
  • 5620 US Hwy 98 N
  • Lakeland, FL 33809
  • P: 863-683-9334
  • F: 863-687-4027
  • Email Us
© Copyright. All rights reserved.
Powered by Insurance Website Builder