COMMERCIAL LIABILITY

Commercial General Liability

This covers the majority of a business’s liability should something happen on-site, off-site, or with a finished product.

  • Premises [aka Customer Slip & Fall] – For someone injured at your place of business

  • Operations – Lost property or injury occurring off-site, e.g., a piano tuner ruins a piano

  • Completed Operations – For an incident occurring off-site when work has been completed, e.g., a hole not filled properly and someone injures themselves

  • Products – A product you manufactured causes loss or injury

  • Independent Contractor’s – For issues arising when independent contractors do not have enough coverage

  • Contractual – For a contract agreeing to “Hold Harmless” another party from liability, e.g., agreeing to take all liability if a tile falls and injures someone in a leased space

  • Fire Legal [aka Damage to Rented Premises] – For protection should a fire or other damage occur on a lessee’s premises

  • Personal Injury – For psychological damage to the reputation or mental state of the injured party, e.g., slander, false arrest, etc.  It does NOT include employment disputes.

  • Advertising Injury – Protects from infringement

Professional Liability

This fills gaps in the CGL for professional services or positions.

  • Errors & Omissions (E&O) [aka malpractice insurance or professional liability] for those who offer professional services, e.g., accountants, architects, attorneys, stockbrokers, engineers, barbers/beauticians, real estate agents, insurance agents, the medical community

  • Directors & Officers (D&O) – Protects directors and officers of a corporation from a claim of alleged mismanagement, unfair trade practices, etc.

Each policy will have stipulations, limits, and exclusions. Extensions, riders, and floaters are available to fill any gaps. The information on this website is an overview of the types of insurance you may be able to purchase, but does not comprise full explanations of policy types nor does it guarantee any particular coverage or policy.