A Commercial General Liability policy protects your business
Travelers helps you prepare and protect against these types of risks with our wide range of general and business liability insurance solutions. A Commercial General Liability policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees. Understanding this coverage is an important first step in managing CGL risks.
You’ll also want to be careful about using images, music, and other intellectual property to avoid copyright infringement claims. Though you can’t eliminate every risk, these steps help avoid conflicts that lead to third-party lawsuits. Protect yourself from accidents that cause physical injury or damaged property. We offer seven types so it’s easy to design the coverage that fits your business.
Policy obligations are the sole responsibility of the issuing New York commercial general liability insurance company. General liability insurance for contractors is very expensive in New York. If you have a hard time finding general liability coverage from nationally recognized companies, you might consider niche companies specializing in contractors insurance in New York such as the Hudson Insurance Group.
A BOP combines property and liability coverage into one easy-to-manage policy. It’s popular among owners of small to medium-sized businesses who rent or own the building in which they do business. Insureon’s licensed agents can help you find policies that fulfill New York’s requirements and your business insurance needs. Once you’ve purchased insurance with us, you can download a certificate of insurance by logging into your account. View our small business insurance cost overview or find out how much you can expect to pay for common types of business insurance. Businesses in industries with a reputation for filing more claims, such as computer repair or other work involving other people’s property, will also pay more for commercial insurance.
A commercial general liability insurance policy accounts for your business being at fault for bodily injury, property damage, personal or advertising injury. Professional liability insurance coverage, on the other hand, protects businesses and individuals against claims made by clients for wrongful acts resulting in economic damage. General liability insurance (also known as CGL—for commercial general liability) is one of the most essential and effective ways to safeguard your business. It protects your business from the financial consequences resulting from liability related to third-party non-employee bodily injury or third party property damage that arises from your business operations. Without general liability insurance coverage, you could be in financial trouble in the event of an unfortunate accident involving a customer or other third party. Limited coverage for medical payments includes payments for injuries sustained by a non-employee caused by an accident that takes place on the insured’s premises or when exposed to the insured’s business operations.
Consider establishing a process to support and engage your workforce in safety and wellness. It’s easy to get a free quote for home insurance from Travelers in just a few minutes. The longer you wait, the longer you have exposure and the greater risk you have that the terms of the insurance may change. Our quote is for a home-based photography business with a sole proprietor and annual gross of $159,000. Leave your email so that your quotes will be sent directly to your inbox. Melanie and the Delmonico team have been great and always there when you need them.
General liability is included in most business insurance packages because it covers the risks that many business owners face every day. It is not typically required by law, but some clients and agencies could ask you to have a certificate of insurance before they work with you. General liability insurance, also known as commercial general liability , covers the risks that affect almost every business, no matter what your industry. It is the most common insurance for small businesses and self-employed professionals, and it’s typically the first policy purchased by new businesses. Your general liability policy provides financial protection if you are held responsible for some of the most common accidents that can occur at a business, such as a customer injury or damages to someone’s property.
Even if you can get away without general liability insurance, you might have a difficult time getting clients without it. And general contractors usually require subcontractors to have it before they will consider working with them. Taking these steps will help ensure you’re not paying too much for your general liability coverage in New York.