What’s Covered Under Your Commercial Liability Insurance Policy?

If you are signing up for business insurance, there are some things that you need to be aware of before you do. One of these areas is commercial liability insurance. Since a liability claim can potentially break your business, you must be prepared in the event someone files one.

Liability Insurance for Businesses

Are you concerned about what will happen if you’re held liable for an insurance claim? It’s essential to have the right policy. That’s where a commercial liability insurance policy comes into play.

General Liability Under Commercial Insurance

There is a wide range of incidents covered by general liability. These typically fall under the following categories:

  • operations
  • products
  • completed operations
  • duty to defend
  • aggregate limits
  • pollution exposures
  • premises liability
  • a variety of intentional torts

Two types of policy triggers will generate coverage. They are occurrence and claims made, and it is crucial to know the difference between them and how they operate. The occurrence policy protects your company when it comes to any covered incident that occurs during the period of the policy. It does not matter when the claim was filed. With the claims made policy, it provides coverage for incidents that occurred at any time. The insurer only will be covered for this type of claim if it is made during the policy period. You’ll want to make sure that you’re well protected in either scenario.

Though these areas generally are under a commercial liability insurance policy, you’ll want to discuss the specifics with a qualified agent. Griffin Insurance Agency in Mooresville, NC can help you determine how much commercial insurance is enough, or if you would benefit from additional coverage. Serving the greater Mooresville, NC area, Griffin Insurance Agency has been instrumental in getting businesses the right type of insurance to meet their needs. Contact our office to speak with an agent and get a quote.