General Liability Insurance
General liability insurance is a necessity for your business. Today even a minor incident can lead to a large lawsuit. It is important to make sure you have the correct insurance policy in place should any thing ever happen. A commercial general liability policy, also known as a CGL, will protect your business from claims against: property damage, bodily injury, personal and advertising injury.
Other types of liability policies include:
Professional Liability Insurance (errors and omissions insurance): Unfortunately, mistakes do happen. Even the best professionals have made a mistake or have been accused of making one. A professional liability policy will offer protection from lawsuits that could arise from professional errors or omissions. E&O insurance is a must have for real estate agents, attorneys, accountants, engineers, technology related companies, and insurance agents.
Directors and Officers Liability Insurance (D&O): D&O insurance provides coverage for the Directors and Officers of a company or organization. Directors and Officers could be held liable for the decisions they make while serving as a board member or if they should fail to perform their duties while serving on the board. D&O coverage is needed for any company or organization with a board or advisory committee.
Employment Practices Liability (EPLI) Insurance: EPLI should be carried by any company that has employees. This type of coverage protects your business from claims filed by employees for things such as, wrongful termination, discrimination, hostile work environment, and sexual harassment.