Legal liability limits of $1 million are no longer considered high
or unreasonable even for a small business.
Most liability policies require you to notify the insurer
immediately after an incident on your property that might cause a future claim.
This holds true no matter how unimportant the incident may seem at the time it
Most liability policies in addition to bodily injuries may now
cover personal injuries (libel slander etc.) unless these are specifically
Under certain conditions your business may be subject to bodily
injury or property damage claims even from trespassers.
You may be legally liable for damages even in cases where you used
Even if a suit against you is false or fraudulent the liability
insurer pays court costs and legal fees. If you are found liable the insurer
will pay interest on judgments in addition to the liability judgments
You can be liable for the acts of others under contracts you have
signed with them. Some of this liability is insurable.
In some cases you may be held liable for fire loss to property of
others in your care yet this property normally would not be covered by your
fire or general liability insurance. This risk can be covered by a variety of
coverage forms depending on the type of property involved.
Business Insurance Now is America's #1 online insurance agent for small business,
including the self-employed and companies with 10 or fewer employees. Business Insurance
Now allows businesses to apply for insurance and receive multiple quotes from leading
insurance carriers including CNA, Zurich, The Hartford, Philadelphia, Travelers,
ACE, USLI, and Hiscox. We offer business owners a variety of insurance protection,
including: General liability insurance, professional liability, errors & ommissions,
excess liability, umbrella insurance, workers compensation, fidelity bonding, and
more. (CA License #0G11129)