What is General Liability Insurance?
General Liability insurance, often called business insurance, is the most commonly purchased insurance tool to shield the assets of a business from something it did, or failed to do, in order to prevent an injury or damage to property. General Liability insurance can help manage the risks of performing business as usual. Since building a company takes hard work and immense dedication, it’s vital to protect your business and its assets from losses and liability risks that come with running any organization.
Liability insurers have two, in some cases three, major duties and they are to defend, indemnify and, in some jurisdictions, settle a reasonably clear claim. General Liability insurance can be purchased by itself or bundled together in a business-owners policy, known as a BOP. Typically, businesses purchase General Liability insurance by itself because, even though a BOP is easier from a paperwork perspective, they’re also usually more expensive.
At Insurance Concepts & Risk Management, searching for the perfect solution is as easy as a couple clicks of the mouse. Insurance Concepts & Risk Management will help you find the plan you need at the rate you can afford. Your options will be clearly and diligently explained, and Insurance Concepts & Risk Management will work tirelessly until a policy that makes sense for you is found. Call today and let Insurance Concepts & Risk Management make life easy on you.