Many businesses in Massachusetts are exposed to a variety of risks. General Liability insurance helps businesses shield themselves from some of the most common risks they face.
General Liability insurance policies are foundational to many business’ insurance portfolios. While a single General Liability policy may not offer all of the protections that a business needs, the protections a policy does provide are often indispensable.
Occurrence Basis forms, protect a commercial business for its responsibility for Property Damage or Bodily Injury to others that happen within the policy effective period. A claim may be filed at a later date, but so long as the loss occurred within the policy effective period it may be covered.
Claims Basis forms, will only cover losses that are reported within the effective policy dates.
There are three coverage protection types that are covered under the General Liability policy; Coverage A, B and C.
Coverage A, provides protection for Premise and Operations liability, as well as Products and Completed Operations liability.
Coverage B, provides protection to a business owner against personal injury and advertising injury.
Coverage C, provides medical payments for reasonable expenses of others incurred on the insured premises.
General liability policies do not include coverage for injured employees. A policy’s Bodily Injury coverage may protect against injuries sustained by third parties, but on-the-job injuries sustained by employees fall under the protections of Workers Compensation insurance.
Employers are legally responsible to carry Workers compensation coverage for their employees. Our experienced Commercial Lines agents can help business owners find a comprehensive General Liability policy along with a Workers Compensation policy.
General Liability coverage is a protection that all Massachusetts businesses should carry since its protections are so foundational. Many different businesses, from sole proprietorships with low inherent risk, to large corporations operating in high-risk industries, can all benefit from the protections that this General Liability coverage provides.
Professionals in private practice are another example of a business that would benefit from getting a General Liability policy. A General Liability policy may not cover work mistakes like malpractice, but a General Liability policy often will help protect against common accidents that can occur around the office such as slip and falls, or protection against libel suits. Such protections are not offered on Professional Liability policies.
Even though it’s a basic form of insurance, securing a General Liability isn’t a simple process. General Liability protection are available as stand-alone policies, but are often package in a Business Owners Policy (BOP) or Commercial Package Policy (CPP). Our knowledgeable agents have experience helping businesses find the best General Liability policies to match your General Liability needs, as well as compare rates from several of our trusted carriers!
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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
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