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General Liability Insurance Coverage & Claims

Along with workers compensation insurance and property insurance, general liability insurance is necessary for any business, no matter what size. It's no secret that litigations are on the rise, and businesses are at risk to be sued, even over small mishaps. General liability insurance is your safety net, and protects your business if you are found legally liable for injuries caused to another person or property, or if your product causes injury or damage.

Many companies purchase general liability insurance as a bundle with other business related insurance. Another option is to purchase a separate policy, which is the preferred option if you need more coverage.

Liability insurance policies will typically cover your business under four types of claims:

• Bodily injury resulting in actual physical damage or loss


• Personal injury


• Medical expenses


• Property damage or losss

You might be wondering how you determine how much general liability insurance coverage you require. Coverage generally depends on two factors, perceived risk and the state where your business operates. Perceived risk means you should consider the amount of risk associated with your business. If your company manufacturers prescription drugs, you would probably need more liability insurance than a company manufacturing pillows. The state where you operate will also affect how much coverage you need. If you live in a highly litigious state that has a history of large awards to plaintiffs, then you'll want to consider purchasing higher coverage on your general liability insurance policy.

When assessing and analyzing various insurance policies for your business, it helps to have an experienced agent working with you. NII Brokerage has professional agents with the expertise you need to select the right general liability insurance policy for your company. Their professionals will work to understand your business and then make recommendations that will give you the protection you need. They can help you see that general liability insurance is an affordable way to give you peace of mind should you become the defendant in a plaintiff action. Call NII today and make an appointment with one of their agents to learn more about your general liability insurance options.