You may know commercial liability insurance as general liability insurance or business liability insurance. This type of business coverage is vital in today’s world of lawsuits. 

If someone were to slip and injure themselves on your business premises, they might be able to secure a judgment against you in court if they can prove you were at fault. Likewise, people frequently get judgments against companies for everything from misleading statements to human errors in calculations. How would your business cope with such a huge financial hit?

Instead of risking your business or even your personal assets with a lawsuit, you can take out a commercial liability policy to cover you. Commercial liability coverage protects you in cases such as: 

• Bodily and personal injury
• Medical payments
• Injury related to advertisements
• Property damage
• Rental property damage

Within commercial liability coverage, there is a host of opportunities for additional specialized coverage: 

• Errors and omissions insurance (also known as professional liability insurance): for businesses where errors carry serious consequences, such as architects, engineers, attorneys, accountants, insurance agents, and technology businesses
• Employment practices liability insurance: covers liabilities beyond injuries, such as discrimination, sexual harassment, wrongful termination, and allegations of employee rights violations
• Directors and officers insurance: protects officers and directors of the company in a variety of potentially damaging scenarios

Some businesses like the peace of mind that comes from knowing they have extra coverage beyond their commercial liability policy. You can also add a commercial umbrella policy to pick up where your general liability leaves off. 

If you’d like to learn more about adding commercial liability insurance for your business, give Allco Insurance a call at 714-992-2390. As independent agents, we not only have hundreds of business insurance products we can package for you, but we also have the time to learn about your company’s unique insurance needs. As a Dave Ramsey Endorsed Local Provider (ELP), we’re known for our trustworthiness and reliability.

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