Commercial Liability Insurance

Commercial liability insurance provides coverage for a business against claims of bodily injury or property damage suffered by third parties caused by the actions of the insured or its employees. The policy also covers the cost of defending against such claims, even if they are groundless.

Commercial liability insurance typically covers losses arising from accidents that occur on the insured's premises or during business operations. For instance, if a customer slips and falls on a wet floor inside your store, commercial liability insurance would help with medical bills and legal expenses. Commercial liability insurance also covers damages that result from products or services provided by the business.

However, it is important to keep in mind that commercial liability insurance may not cover every type of liability claim that may arise. Certain types of claims, such as those related to intentional acts, may not be covered by the policy. In addition, coverage limits may vary depending on the specific policy and the nature of the claim.

If you are considering purchasing commercial liability insurance, it is important to work with an experienced insurance broker to ensure that you have proper coverage for your business. You should carefully review the policy terms and consider adding riders or endorsements to the policy to address any specific risks that your business may face. If you are facing a liability claim, it is important to contact your insurance carrier as soon as possible to report the claim and begin the process of defending against it.