You Work Hard to Run Your Business – Let Business Liability Insurance Work Just as Hard to Protect It
Business liability insurance will defend you and pay judgments against you if you are found legally liable for bodily injury or property damage caused by your business operations. This is a very broad policy, and therefore must contain many exclusions. Most of the exclusions are necessary as other policy types are needed to satisfy a more specific insurance need such as automobile, watercraft, workers compensation, aircraft or mobile equipment to name a few.
One of the most significant exclusions in a commercial general liability policy is damage to your product. While the policy covers the property of others, it does not cover loss or damage to anything you have built. The liability portion of personal types of policies specifically excludes coverage for any business operations, hence the need for specific business liability insurance. Sound confusing? It can be. That’s why you should speak with an experienced professional who can help you craft a policy that meets your specific needs.