As a small business owner, you likely do everything possible to protect your customers, workers, and visitors from harm. However, accidents and unforeseen events can happen to even the most safety-conscious environments. If a third party is injured or their property is damaged due to your business' alleged negligence, then you could be subject to a lawsuit. If you don't have adequate means of paying high litigation costs, your business could risk financial peril. That's where AmVenture's Business General Liability Insurance for small businesses comes in.
What Does Commercial General Liability Insurance Cover?
Our General Liability Insurance is designed to cover costs related to legal claims brought against your small business by a third party. Without this coverage, your business's assets could be seized in order to meet the cost of a claim. Coverage typically includes attorney fees, court costs, and settlements and judgements that your business may be liable to pay.
General Liability Insurance typically covers claims-associated costs related to the following:
- Bodily injury: You would be covered if a third party was injured on your business's premises. For example, if you are the owner of a retail store and a customer slips and falls because snow or rain water wasn't removed in a timely manner.
- Property damage: You could be covered against damage your business causes to a third-party's property. For example, if you run a plumbing business and, during a house call, one of your workers damages the customer's cabinets or flooring.
- Advertising: You would be covered if your company is accused of slander, libel, copyright infringement, or other violations in its advertising. For example, if a competitor accuses you of running a negative ad campaign.
No business is completely safe from the threat of litigation. Even if your business is found not to be liable, the costs associated with a protracted lawsuit can be astronomical. Business General Liability Insurance from AmVenture is here to help protect your small business against the unexpected.
General Liability vs. Businessowners Policy
A frequent question small business owners have is whether they need a Businessowners Policy (BOP) or General Liability Insurance. BOP coverage typically includes General Liability, along with coverage for other risks small business owners face. If you opt for BOP coverage, then you typically do not need a separate General Liability Insurance product. However, not all small business owners are eligible for BOP insurance, especially businesses working in high-risk industries. These business owners still need to protect themselves against the cost of litigation and will typically need standalone commercial General Liability Insurance.
Additionally, some business owners may not require the additional coverage that comes standard in many BOP insurance packages. In those cases, simply buying General Liability Insurance for small business may be sufficient and more cost effective.
How Do I Get Small Business General Liability Insurance?
AmVenture understands the risks faced by small business owners and how to prepare for them. We focus on bespoke insurance solutions. so we can tailor our Business General Liability Insurance for your business. Fill out our form to get your free general liability insurance online quote and see how much you can save by protecting yourself with a policy from AmVenture.
This material is for informational purposes only, summarizes coverages and services that may be available in a policy from AmVenture Insurance Agency, Inc. (CA License No. 0L47868), and is not legal or business advice. Individual coverage may vary and may not be available in all states. Claim examples are general and for illustrative purposes only. Any available coverage for a claim will be determined based on the facts and circumstances of the claim as well as the terms and conditions of the policy, including any applicable exclusions or deductibles. In the event of a conflict with the material herein, the terms and conditions of any issued policy will control.