Get instant
small business insurance quotes


Home > General Liability Insurance > News
 

Small business owners should know limits of general liability coverage

Published:

While general liability insurance policies can provide business owners with a great deal of protection, experts told Smart Business that it's important to know the limits of that coverage.

Edward Galloway and Joel Covelman from the legal firm Jackson DeMarco Tidus Peckenpaugh told the site that some business owners wrongly assume that their general policy will cover them in the event of any lawsuit.

However, they say that a typical policy won't cover claims about a breach of contract, fraud, harassment, wrongful termination or other situations. In addition, the "standard" policy may vary slightly from insurer to insurer, so its important to know where a company's existing protection stops. For situations their current plan doesn't cover, they may want to look into a supplemental policy.

In addition, the source notes that while its impossible to plan for every potential type of claim, business owners should take the time to look over their coverage on a regular basis to review the risks that they face.

WHY Business Insurance Now?

Learn why thousands of small businesses trust Business Insurance Now as their insurance agency.

Take 15 minutes to see how we can help you protect your business.

  • FREE, no-obligation quotes.
  • Complete one online application to compare multiple quotes.
  • Fast response—typically less than 24 hours on week days.
  • We are a nationwide insurance agency covering 48 states.
  • We work directly with you to evaluate your insurance options.
  • We only work with the top business insurance carriers in the country.
  • Expert, licensed insurance agents to guide you through the process.