Commercial liability insurance is an important type of insurance that protects businesses from financial losses due to lawsuits and other liability claims. As a business owner, it’s crucial to understand what commercial liability insurance covers and how it can benefit your business.
Commercial liability insurance is designed to cover damages that your business is legally obligated to pay as a result of bodily injury, property damage, or personal injury caused by your business operations. This type of insurance can help cover legal fees, settlements, and other costs associated with a liability claim.
For example, if a customer slips and falls in your store, they may sue your business for damages. If your business is found liable, your commercial liability insurance can help cover the costs of the customer’s medical expenses, lost wages, and other damages.
Commercial liability insurance can also protect your business from claims of false advertising, copyright infringement, and other types of advertising injury by covering legal fees, settlements, and other costs associated with a lawsuit or claim.
It’s important to note that commercial liability insurance doesn’t cover every type of liability claim. For example, it typically doesn’t cover intentional acts or criminal behavior on your part. It’s important to review your policy with your insurance agent to understand what is and isn’t covered.
We want to help business owners make informed decisions about their insurance coverage and ensure that they have the right protection in place. Follow up with your rep today if you have additional questions or concerns!Filed Under: Commercial