If you're a builder, you know that commercial general liability insurance is one of the best investments that you can make. It protects you and your company against a wide variety of possible claims. Just what is covered? Well, it depends upon the policy that you buy. Here are some things to consider when choosing this policy:
Travelers' commercial general liability insurance covers a wide range of potential claims for injuries that occur on your property. Injuries may consist of fall or slip accidents, personal injury or harm to another person's property due to either your neglect or the actions of your employees. Bodily damage or property damage to another party due to your negligence or the activities of your employees may also be covered. If an insured tenant produces a bodily disturbance or commits an act of violence on your own assumptions, these damages might have to be covered.
Some asserts that might be included under commercial general liability insurance for contractors are slander, libel, malicious prosecution, and bodily harm. These may include damages for an assault, batterydog bite or any other intentional wrong. Any injury that's caused to another person because of your negligence or your employees may also be insured. It's essential for the small business owner to keep in mind that if he or she carries the personal protective gear that any employee may use while on the job, these injuries will be paid for. By way of example, it might be assumed that employees wearing ear guards or safety glasses will not be injured in an crash, but these things do help.
Many people tend to get excited and jump into buying commercial general liability insurance without requiring time to educate themselves on each of the many kinds of claims that could occur. Even if a business owner just buys liability insurance once, they could be in for a rude awakening in the future. Because claims are common, it is important to get the correct protection and understanding so the company isn't left struggling financially since one of the workers was hurt in an accident that wasn't their fault. Understanding the different kinds of mishaps and what the rules are for filing a claim may go a long way towards ensuring that you don't become another victim. For this reason, it's necessary that each business owner consult with a legal defense lawyer before deciding which plan of actions to take.
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generalliabilityinsure.com to obtain more information about general liability insurance.
