General Liability

Does your business have enough liability coverage?

If you are operating a business you at some point someone will sue you for alleged or real bodily injury or property damage liability. In this litigious society, lawsuits can be in excess of $1 Million when you include damages and attorney fees. Most businesses require at least $1 Million Dollars in General Liability Protection.

Does your business qualify for general liability coverage?

It is important to know which market your business falls into before you shop for liability insurance. Those businesses that fall into the “excess surplus market” (i.e. “dangerous” occupations such as roofers, siders, etc.) have to purchase liability insurance in the surplus markets. If your business falls into the “standard market” (i.e. technology companies, professionals, retail, wholesale, service, etc.) then you qualify for general liability insurance in the standard markets

General liability insurance protects your business from a variety of things. Typically, your insurance agent can create a customized policy for you to include different types and amounts of coverage. The following coverage is often packaged with a general liability line:

• Business Personal Property (BPP) Protection of your business’ property from:
• Fire
• Theft
• Vandalism
• Claims due to:
• Bodily injury
• Property Damage
• Terrorism coverage
• And more….

General Liability insurance protects a business from many liability issues, but business owners should also consider adding specialized liability coverage like errors & omissions insurance.

Contact TDA Insurance for information on all of the business insurance lines we offer and a free quote for Michigan general liability insurance.