What is Business Liability Insurance?

• If you’re looking to build the ultimate protection plan, this would be the foundation. Business Liability Insurance provides basic protection from common liabilities such as bodily injury, property damage and advertising/personal injuries.
• If you’re a small business, you’ll need Business Liability Insurance or BOP to sign commercial leases and client contracts.

How much does it cost?

• Business Liability Insurance costs are very minimal. Contact us today to learn more about what policy is right for you and your business.

What does it cover?

• Product Liability – This covers any instance that a customer or property incurs damage due to a product sold to them by your company.
• Bodily Injury – For example, in the event a third party is hurt on your property, Business Liability Insurance can help pay medical bills. It also covers legal expenses if the person chooses to sue your business.
• Property Damage – If your property is vandalized or damaged in any way, Business Liability Insurance will help cover costs to restore the damage or replace the property.
• Slander/Copyright Infringements – Say a third party blasts your company across social media channels proclaiming false allegations that are damaging to your business. Business Liability Insurance will help cover court fees or any charges you may incur from filing a lawsuit.

What does Business Liability Insurance not cover?

• Employee related claims such as injury or discrimination
• Damage to business property
• Professional mistakes

If you’re interested in coverage for employee injuries, you’ll need a Workers Compensation Policy. It will help cover medical bills and lost wages of an employee due to injury on the job.

If you’re concerned about your business property being damaged due to weather, fire or theft, you may want to consider Commercial Property Insurance.