subject: Necessary Commercial Liability Insurance Coverage [print this page] If you have a business or plan to have one in the near future, you need commercial liability insurance coverage. It will protect your business from common claims of all types. It is always better to have too much than too little coverage.
Because your business is always at risk, every day of the week, you should want to protect it at all costs. This type of insurance protect against physical damage and property damage. And it will not let your business suffer during the course of the claim, allowing business to go on as usual.
There are four categories that this type of insurance covers. The categories are property damage, personal injury (includes slander), bodily injury, and advertising injury, such as infringing on the copyright. It covers the cost to defend your business or settle the claim, as well. You should not suffer financial loss at all, and it includes damage to you by others, even your employees. Medical expenses should also be paid for, and it protects against fire, as well. You should check your state for details of the various types of coverage.
Examination of your policy is strongly suggested. You may find that there are limitations and exclusions, and other conditions. Another consideration you might have is to purchase additional insurance, such as the errors and omissions coverage. It is also named professional liability and offers coverage for service type businesses.
Because your commercial liability coverage is so basic, you should make sure of what you will be protected against. It should cover your premises and customers. It may cover furniture, equipment and also the software and hardware of your computer, should it be stolen or damaged.
As it is always better to be over-insured, as opposed to under-insured, you might look into other types of policies as well, such as life and disability, in addition to your commercial liability insurance coverage. Consult with a business insurance professional to see what types of coverage your business requires.
by: Caressa Waechter.
welcome to Insurances.net (https://www.insurances.net)
