Runing Smoothly With Any Commercial General Liability Insurance Policy, Get A General Liability Insurance Policy
If you run a business or commercial establishment, commercial general liability insurance coverage is vital to protect you against liability claims that could occur.
Commercial general liability insurance protects against liabilities that could occur as a result of dealing with customers or other individuals or organizations. There are many types of liabilities that could be claimed against you and your business. It is an often overlooked, but vital component of the general insurance coverage for your business.
Claims like personal injury or bodily injury experienced by a customer at your place of business, from defective goods, and faulty service delivery. There might be also instances when you might face a worker's compensation claim for injuries suffered at the workplace by an employee.
The most common liability claims are slip and fall accidents by customers that take place at your business and accidents that involve your employees.
A commercial general liability insurance policy protects you from all these liabilities and others by paying for the damages or by reimbursing you. Irrespective of whether the claim against you is false or genuine, you stand to gain from the protection given by your coverage instead of having to pay out of pocket for a million dollar settlement with the plaintiff. The policy protects you and your business from suffering the negative effects of litigation.
Let's pretend for the moment that your business runs a carpet cleaning service. During the cleaning process, you routinely use various soaps, shampoos, and equipment to ensure that you leave everything as clean as possible.
Now, one day in the process of a cleaning, your commercial carpet shampooer breaks down and spews huge amounts of water and cleaning chemicals in all directions and damage is done to the building. Legally, the customer has the right to sue you for damages and you are entirely liable for the cost of repair.
Now, if you have a good liability policy, all you have to pay out of your pocket is the deductible of the policy. The insurance carrier pays for the remainder of the damages awarded, as well as any lawyer and court fees that have accumulated as a result of the accident if your customer took you to court over it.
So, even though you’ve never had a claim against your business that’s not a guarantee that you will never have one. The protection of a good liability policy is worth the cost associated with owning the policy.
Tags: California Bad Faith Insurance, California Bad Faith Law
California Bad Faith Insurance California Bad Faith Law
