Commercial General Liability Insurance Covers All Risks
If you are a contractor, you are aware that commercial general liability insurance is one of the best investments which you could make. It protects you and your business against a wide variety of potential claims. What exactly is covered? Well, it is based upon the policy that you purchase. Here are some things to consider when picking this policy:
Automobiles' commercial general liability insurance covers a vast array of possible claims for injuries which occur on your premises. Claims may include fall or slip injuries, personal injury or harm to another person's property caused by your neglect or the actions of your employees. Irreparable harm or property damage to another party due to your negligence or the actions of your employees may also be covered. If an insured tenant creates a physical disturbance or commits an act of violence on your assumptions, these damages may have to be covered.
Some claims which might be included under commercial general liability insurance for contractors are slander, libel, malicious prosecution, and bodily injury. These may include compensation for an assault, batterydog bite or any other intentional incorrect. Any injury that is caused to another person due to your negligence or your workers may also be covered. It is important for the small business owner to remember that whether or not she carries the personal protective equipment that any worker may use while on the job, these injuries will be paid for. For example, it may be assumed that workers wearing ear protectors or safety glasses won't be injured in an crash, but these things do help.
A lot of men and women tend to get excited and jump to purchasing commercial general liability insurance without requiring time to educate themselves on all the many types of claims that could occur. Even if a business owner just buys liability insurance once, they might be in for a rude awakening in the future. Because claims are common, it's necessary to have the right security and understanding so the company is not left struggling financially because one of their employees has been hurt in an accident that was not their fault. Understanding the different kinds of accidents and what the general rules are for filing a claim can go a long way towards ensuring that you don't become the next victim. For this reason, it is necessary that every business owner consult with a legal defense attorney before deciding which plan of actions to take.
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