General Liability Insurance in Stuart, FL
What is General Liability Insurance?
Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.
General Liability can pay for losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.
How Much General Liability Insurance Do I Need?
The amount of general liability insurance you need depends on your business size, industry risks, and client requirements. Many small businesses choose limits between $1 million and $2 million to protect against common claims. Higher-risk industries or contractual obligations may require additional coverage.
Does General Liability Cover Professional Mistakes?
General liability insurance does not cover professional mistakes, errors, or negligence in your work. Those types of claims fall under professional liability insurance, also known as errors and omissions coverage. Businesses that provide advice or specialized services often need both policies for full protection.
Is General Liability Insurance Required by Law?
General liability insurance is not federally required by law for most businesses. However, certain states, landlords, or clients may require it before you can operate or sign contracts. Even when it’s not mandatory, many businesses carry it to protect against costly lawsuits and accidents.
Coverages
Bodily Injury and Property Damage LiabilityCoverage provided for the amount that the insured becomes legally obligated to pay as damages because of “bodily injury” or “property damage” caused by an “occurrence” subject to policy limits and exclusions.
Medical PaymentsCoverage provided for medical expenses for a “bodily injury” caused by an accident on the premises or because of your operations subject to policy limits and exclusions.
Products and Completed Operations LiabilityCoverage provided for the amount that the insured becomes legally obligated to pay as damages because of “bodily injury” or “property damage” caused by an “occurrence” related to the insured Products or Completed Operations subject to policy limits and exclusions.
Damage to Premises Rented to YouCoverage provided for the amount the insured becomes legally obligated to pay due to fire damage to an insured rented premises caused by negligence.
Personal and Advertising Injury LiabilityCoverage provided for the amount the insured becomes legally obligated to pay as damages because of “personal and advertising injury” subject to policy limits and exclusions.
Optional CoveragesCoverages can be added for more protection or may be required by contract such as Additional Insureds, Wavier of Subrogation, Primary & Non-contributory, Liquor Liability, and many more.