American Eagle Insurance Blog
General Liability Insurance covers the liability costs of your business. This type includes liability claims made against your company or business in cases of third-party personal injury, advertising injury, and other property damage.
What does it cover?
General Liability Insurance usually covers the following:
What does it not cover?
General Liability Insurance does not cover the following:
Why do you need it?
You need this type of insurance to ensure your business stability. Administrative costs, court settlements, and lawyer fees can be costly when confronted with a liability case. Typically, you will be charged $100 to $200 an hour for your lawyer. In the incident that the claim goes to court, you will have an extra fee of $100,000 or more for court and administrative settlements.
Only a few businesses survive this experience on their own. This low survival rate is the same reason why most companies opt to apply for General Liability Insurance coverage.
Further, if you plan to contract work with larger companies, they prefer those with this type of insurance while some also require it. This reassures the companies that your business can still survive liability claim and meet contract obligations as agreed.
Should I purchase this type of insurance?
If you checked the following criteria, then you must purchase General Liability Insurance:
At American Eagle Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (225) 667-7377 or Click Here to request a free quote.