General liability insurance is purchased by businesses as a way to protect the assets of their companies. Most businesses can select the type of coverage suited to their particular needs. A liability policy is designed to protect the business against lawsuits due to the building where the business resides or any damage or injury related to products produced by the entity.
Many insurers selling business insurance offer this type of policy and can discuss in depth options available to their clients. This type of policy is typically bundled in a business owner’s policy (BOP) as a part of a basic business package. By doing so, the agency can provide more complete coverage to policyholders.
General liability insurance claims
The claims adjuster has a duty to help the policyholder with the claim. A claims adjuster should help explain coverage and available benefits to the policyholder and to take other steps to help bring the claim to a prompt and fair conclusion. In some instances where a claim is such an amount that it exceeds policy limits the insured may find that they are underinsured.
Umbrella insurance is an additional liability-type insurance coverage in case a claim exceeds your liability insurance limits on your primary coverage. You’ll probably want more than one commercial liability insurance quote for your business, but before you start shopping around you should know what to look for and how to go about getting the right policies that may actually provide you with the necessary benefits you’re going to need.
Again, as a business owner you might decide to buy multiple policies with different insurers. For example, you might buy a Florida liability insurance policy with one agency and then purchase another policy from a different agency to cover some other aspect of your business, commercial auto perhaps. However, bundling your coverage for your business under one policy with one insurer allows you to choose certain policies and may also help reduce your premium costs. As an added bonus, this makes managing your insurance renewals faster and easier.