General Liability Insurance
When it comes to operating a business of any sort, there are inherent risks that follow. Here at Brady Risk Management, we work with companies to find the right risk management strategy to help create a solid plan for your future. One product that many businesses benefit from is General Liability Insurance. This protection exists to help cover the cost of bodily injury and property damage as a result of your operations and conditions at your building. This might include anything from slips and falls to property damages. Read on to learn more about the specifics of this insurance policy and how business liability insurance might be a right fit for your needs.
Brady Risk Management’s expertise will pinpoint exactly what’s needed
to tailor a policy catered to your specific insurance needs based on your operation,
exposures, and financial requirements.
Who Benefits From General Liability Insurance?
General liability insurance is a good fit for an array of business types. We will be happy to consult with you to see if this is the ideal choice for your company. Some of the common businesses who opt for general liability insurance include general contractors, real estate agents, consultants, and more. Essentially, if you are a contractor or small business owner, it is beneficial to look into business liability insurance as part of your risk management plan. Unfortunately, in our world, there is a strong chance that at some point you will be facing a claim against you. This is why creating a proper risk management strategy is a must. You need to prepare against both known and unknown risks your business might face down the road. Business liability insurance is a safeguard and will protect you from expensive settlements. When in doubt as to whether or not your company is a right fit for general liability insurance, it is worth taking the time to reach out for a quote from our team. We can work with you to determine if this insurance policy is the right fit for your needs.
What Will Business Liability Insurance Cover?
No one wants to face the frustration of being sued. However, as a small business or contractor, the reality is that a lawsuit is always an impending fear. Business liability insurance exists to help protect you from this inherent risk. When damages are filed against you, this insurance will act as a shield.
Some of the common items covered under a general liability insurance policy include the following:
- Bodily injury claims due to an accident on your premises or due to the use of your product
- Claims due to something you have advertised, such as a lawsuit over libel and slander
- Property damages, in the case where you caused damage to another’s property
For specifics on what will be covered by general liability insurance, it is important to speak to your consultant about the specifics of your policy. Different companies will benefit in unique ways depending upon the function of your business.
What Is The Cost Of General Liability Insurance?
When it comes to purchasing any sort of insurance policy, an important question any business owner will ask is “What will the cost be to me?”. While it is imperative that you have general liability insurance, it is also understandable that cost will play a role in your decision making. The cost of your policy will be dependent upon your business’ needs and the specific coverage you opt to purchase. In short, there is no way to issue a blanket statement on the costs of business liability insurance. The best way to determine what your costs will be is to speak to a representative from our team. We will be happy to work with you to find the right fit for your specific budget and your company’s needs.
Why You Should Work With Brady Risk Management
Here at Brady Risk Management, we have the expertise to pinpoint exactly what’s needed for your specific business. We will work to tailor a policy catered to your specific insurance needs based on your operation, exposures, and financial requirements. Our experienced and knowledgeable staff will evaluate your potential exposures, prior loss history, and the size of your operation to determine the details of your program.
For example, we’ll look at your vendor contracts, which if properly worded, offer the most comprehensive protection. Because they can include provisions for insurance requirements, additional insured status, certificates of insurance and they hold-harmless language, you can further transfer risk and provide reimbursement of your damages and costs. We can also enhance your program with the proper Products Liability, Liquor Liability, Umbrella, Food Borne Illness, and Cyber Liability insurance, and more.
Because we take a comprehensive approach to risk management, we can help you piece together the ideal risk management plan for your company. Our unique perspective allows you to create an effective and responsive risk management plan that includes the ideal use of general liability insurance. When we work with you, we will approach every challenge with a “what if?” attitude. We will review the facts and aspects of your unique business and will then use our “what if?” approach to think about it from a new angle. While you focus on your customers, we’ll focus on an insurance program that protects your assets. Talk to us today about whether or not your business would benefit from general liability insurance and get a free quote from our team. We look forward to working with you to build the ideal risk management plan.