Contractors Liability Insurance

   "All of Our Policies Come With an Agent!" 

Comes in many forms, and Commercial Liability Insurance is usually the first type of policy most businesses shop for. It may not be the only business policy you’ll need to buy, but it is an important policy to consider. It can save your company from major financial losses if you lose or have to settle a property damage lawsuit or personal injury claim. Even if you’re found not liable, legal defense fees can be costly, and this policy will cover those costs as well.

Other types of commercial insurance policies you’ll learn about at this blog are usually purchased along with CGLI and they include Professional Liability Insurance, Errors and Omissions coverage, worker’s compensation, product liability insurance, commercial building insurance for property owners and a few more specialty products.

You can start the process of buying a general liability policy from an insurance agent or broker, or you can get quotes online. In the process, the insurance company usually will offer you other related policies you may need for your particular business. Before you purchase a policy though, we recommend you pay close attention to these three important aspects of any business policy:

Commercial liability insurance policies typically have specific dollar limits on claims so be sure you choose a policy that matches your potential liability. If your business has higher than average risks you should carry more coverage. If for instance you own a window washing company in New York city and your workers are on scaffolds hundreds of feet in the air, even a one million dollar limit policy may not be enough. After all, imagine the worst case scenario and whether life or limb could be at risk – not only your employees, but innocent bystanders as well. I’m sure you could imagine a lawsuit judgment or settlement in this case going well over $1 Million dollars or even $5 Million dollars for that matter.