Category ArchiveLiability Coverage

Liability Coverage

Understanding Your Liability Coverage

When you own a business, you want to make sure you are getting all the liability coverage you need. With so many different policies available, it may be confusing to tell the difference. You need to know comprehensive general liability meaning.

General Liability Basics

The experts at https://www.usrisk.com/ recommend general liability coverage as part of your business insurance package. General liability covers a plethora of risks:

  • Property loss
  • Personal injury
  • Defective products

If your company issued as a result of any of these issues, your general liability policy can cover legal fees and any settlement amounts that extend past the deductible you pay.

General Liability Premiums

The monthly cost of a general liability policy varies according to the risks to which your business is exposed. If you have a history of multiple claims, your premium will be higher than if you have a good track record. If you opt for a higher deductible, you may be able to lower your premium. Your insurance agent can advise you about the most affordable options that will still give you the coverage you need.

Comprehensive general liability can protect you from exorbitant legal fees in the event of a workplace accident that causes property damage or injury to someone other than an employee. It’s important to understand what your policy covers.