General liability insurance (GL), sometimes called commercial general liability insurance, protects your company from risks you face every day—things like damage to the property of others, bodily injury to customers, product liability, libel, and copyright infringement—and claims that may be filed against your company as a result.
Without general liability insurance, your company can suffer serious financial damage from allegations, liability, and lawsuits. Plus, small business liability insurance may be required by law, by your clients, or in a lease.
In business as in life, accidents happen. Commercial general liability insurance from biBERK is important because it keeps incidents from creating financial hardship by covering costs associated with:
It’s important to note that commercial general liability insurance does not cover things like damage to your business property, auto accidents in company-owned vehicles caused by you or your employees when traveling for work, personal injuries to your employees, and fraudulent or intentional acts.
Our insurance experts can talk with you about exclusions and other types of coverage you may want to consider.
A number of factors affect your small business liability insurance cost. One of them is the type of company you operate. Some businesses involve more risk than others, and that risk and your GL insurance rate tend to go somewhat hand-in-hand. However, other company attributes play a role, like:
The specifics of your policy—things like coverage limits (the maximum amount the insurer will pay for a covered claim) and deductibles (the amount you pay for a covered claim before your insurance plan starts to pay)—affect your rate as well.
Taking a few minutes to get an online quote is the best way to determine your small business liability insurance cost.
Still wondering if your business would benefit from having general liability insurance? Here are some examples of common types of claims that can be addressed by GL coverage:
Small business liability insurance can cover costs associated with these types of incidents, providing peace of mind to business owners.
Most small businesses can benefit from general liability coverage. We provide GL insurance to many types of businesses, including:
If you want to know more about how best to protect your business, our small business insurance experts are here to help.
General liability insurance is rarely mandated by law. However, even if you aren’t required by law to have coverage, going without it puts you at risk of serious financial consequences if an incident occurs.
No, it does not. However, professional liability insurance (also known as errors and omissions insurance) can. Our insurance experts can help you understand the difference and what coverage you need.
A Certificate of Insurance (COI) is a document you can download or have emailed directly to your client or landlord from our website as a policyholder. It shows them the coverages and limits on your general liability policy.
Our online quote and purchase options eliminate the middleman, allowing us to offer coverage at up to 20% less than other providers. Plus, biBERK is part of the Berkshire Hathaway Insurance Group, with all of our major insurance subsidiaries being rated A++ by A.M. Best Company and AA+ by Standard & Poor’s Corporation. That means they display superior financial health and operating performance. Berkshire Hathaway Insurance Group has millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.
Knowing that your business is protected from financial risk provides tremendous peace of mind and allows you to stay focused on your work. Get a quote today.