General Liability And Workers Comp Insurance For Small Business - General liability insurance (GLI) is sometimes called business liability insurance or commercial general liability insurance. This type of liability insurance coverage helps protect your business from claims that it caused personal injury to others or damage to property. Without general liability coverage, you will have to pay out of pocket for these claims.
It's a question we often hear: "Does my small business need general liability insurance?" Probably the answer is yes. With general liability insurance, you are protected against claims that:
General Liability And Workers Comp Insurance For Small Business
If a customer is injured at your place of business, this policy can help cover their medical bills.
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Employees sometimes damage customer property while providing products or services. Your GL policy can help pay for damages.
General liability insurance policies help cover malicious prosecution, defamation, defamation, wrongful dismissal and invasion of a person's privacy.
If your rental property is damaged by fire, lightning or an explosion, your general liability policy can help pay for repairs.
General liability insurance does not help to cover all damages or injuries in all cases. For example, medical expenses for injured persons are not covered by this policy. Nor does the general liability insurance cover lost wages for injured parties. Instead, you must have workers' compensation insurance.
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Did you know that four out of 10 small business owners are likely to experience a property or general liability claim over the next 10 years?1 Claims can range from unexpected events such as theft to unforeseen accidents such as a customer who is injured by a slip. and fall.
We strive to provide our customers with the best coverage at the best possible price. We know the needs of our Hartford small business owners. General warranty prices vary, but we can give you a quote today so you know how much it will cost you. Remember that general liability insurance costs are different for everyone because every business is unique. Insurance companies use different factors to determine the cost.
For example, one factor an insurance company may use is location, so costs vary from state to state. Other factors that insurance companies may consider include:
You can save money on your general liability insurance costs through bundling, such as a business owner's policy (BOP). It combines general liability coverage with commercial property insurance and business income insurance.
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Liability insurance coverage helps protect you from expensive general liability claims that may arise in normal business situations, such as:
You may also need this coverage if your customers request it. Most customers want to confirm that you have general liability coverage before signing a contract with your company. You can prove that you have general liability insurance with a liability insurance certificate. Get more protection for your business with commercial auto insurance that covers you, your employees and the vehicles you drive, lease, rent or own.
State laws generally do not require business owners to carry general liability insurance. But having this liability insurance is still a good idea. If a customer sues your business and you don't have coverage, it can put your business finances and personal assets at risk.
It is important to understand your state's insurance laws. Work with a local insurance agency or our dedicated small business insurance team to help you choose the right professional liability insurance.
General Vs Professional Liability Insurance
Forming a limited liability company (LLC) separates your personal assets from your business. However, you are still exposed to compensation claims that can put your company in financial jeopardy. Limited liability insurance can help protect your LLC and cover claims that it causes bodily injury to others or damage to property.
Professional liability insurance can help protect your business against claims that an error or mistake has occurred in the professional services. This coverage is also known as errors and omissions insurance or E&O insurance.
As a top multinational carrier, we deal with catastrophic exposures every day. We work with you to reduce the impact of general liability claims on your business.
Our risk engineering team can help keep your employees safe with one-on-one risk management consultations and security seminars.
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Not all insurance companies are the same. It is important to work with someone you can trust. We have over 200 years of experience helping small business owners protect their businesses with coverage like general liability insurance.
Whether you're looking for a quote, trying to understand general liability classes, or helping file a claim, we've got your back.
To learn more, get your general liability insurance online and start a free quote. We can help you obtain other essential business coverages, such as commercial property insurance and commercial auto insurance.
When you're ready to get a general liability quote, you'll want the right information readily available. This includes:
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1 Hartford, "The Hartford Reports: More than 40 percent of small businesses will experience a claim in the next 10 years."
2 Premiums are based on monthly premiums paid by The Hartford's small business customers for 12-month policies between 1/1/21 and 12/31/21. The premium is derived from a number of factors that are specific to your business and may vary.
Hartford is not responsible for any damages incurred in connection with the use of the information on this page. This information is intended to be educational, so consult with your insurance agent/broker or insurance company to determine specific coverage requirements.
The information on this page should not be construed as specific legal, human resources, financial or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage provisions are subject to policy language and any potential compensation payout is determined after a claim investigation.
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Certain coverages vary by state and may not be available to all companies. All Hartford coverages and services described on this page are listed in the Hartford Financial Services Group, Inc. Legal Notice. The property and non-life insurance companies are offered by one or more subsidiaries.
Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name The Hartford and is headquartered in Hartford, CT. For additional details, please read Hartford's legal notice. Run your business with confidence. Get a free warranty quote from Auto Data Processing Insurance Agency, Inc.
, you can connect with our affiliated agency licensed agents, Automated Data Processing Insurance Agency (IA™)1, who are committed to making insurance simple and getting the coverage that's best for you and your business. We can help you better manage cash flow in volatile times with our Pay-by-Pay® installment payment program.
Learn more about what workers compensation insurance is and why you need it from our affiliate IA.
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Pay-by-Pay eliminates premium bond payments, improves liquidity and simplifies your audits, all of which have a direct impact on your bottom line.
What would you do if you had extra money to put back into your business? The Pay-by-Pay Premium Payment Program is a unique solution that offers your company a simple and efficient way to pay your premium:
By working with IA-licensed insurance professionals, you'll receive knowledgeable and supportive guidance from choosing the right coverage and carrier to helping you stay on top of claims and regulatory changes.
IA's licensed insurance professionals are the best at what they do. They have worked with over 170,000 businesses of all sizes to help them choose the right cover.
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Contact IA for a quote on workers' compensation coverage from one or more of the leading national and regional carriers.
Manage insurance online on your terms. Whether you need competitive quotes from multiple providers, advice from an authorized agent, detailed reports or more, when you partner with IA you can get the full value of integrating payroll with select insurance policies.
Automated Data Processing Insurance Agency, Inc. paired with the Pay-by-Pay® premium payment program. With a workers' compensation policy mediated through, you can now manage your workers' compensation policy directly from your payroll system.
I am confident that workers' compensation insurance for my clients is handled correctly the first time, every time. I believe that IA is on the cutting edge of things and doing them quickly.
Public Liability Insurance
Automated Data Processing Insurance Agency, Inc. (IA) is, Inc. An affiliate of All insurance products are offered and sold only through Automated Data Processing Insurance Agency, Inc., its licensed agents or its licensed insurance partners; 1 Blvd., Roseland, NJ 07068. CA License #0D04044. Licensed in 50 states. Some services are not available in all states.
Many carriers may waive premium deposits, and some states may require mandatory state assessment fees. Business owners and operators confuse general versus professional liability insurance and ask why they need coverage for either and, in some cases, both.
If you are curious about the difference between general liability insurance vs. professional liability insurance, so keep reading to learn about the nuances of each, how they are similar, and how they differ.
General liability insurance is a type of policy that protects your business in the event of damage to your commercial premises or during the use of your product; damage to plaintiff's property; or damages for libel, slander, copyright infringement and more.
General Liability Vs. Workers Compensation Insurance
Most businesses require general liability insurance given the wide range of exposures a policy covers. In fact, it is estimated at 40 per cent
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