general liability insurance companies full information: Frequent obligation insurance coverage protection (GL), often known as enterprise obligation insurance coverage protection, is safety which will defend you from a variety of claims along with bodily harm, property damage, personal harm and others which will come up from your enterprise operations. Frequent obligation insurance coverage protection quotes typically embrace.
general liability insurance companies full information
- Bodily harm and property damage obligation
- Non-public and selling harm
- Medical funds
- Merchandise achieved operations
- Harm to premises rented to you
Who needs regular obligation insurance coverage protection?
Frequent obligation insurance coverage protection is usually blended with property insurance coverage protection in a Enterprise Homeowners Protection (BOP), however it‘s moreover accessible to many contractors as a stand-alone safety by means of the Progressive Profit® Enterprise Program.
As a contractor or small enterprise proprietor, you need some kind of enterprise obligation insurance coverage protection to safeguard your livelihood.
A single accident may finish in a lawsuit that you just might not be able to take care of. A great way to protect in opposition to that’s to make sure you have obligation safety that matches your stage of publicity.
Some employers or purchasers may additionally require you to carry a certain quantity of regular obligation sooner than you probably can work for them
Frequent obligation insurance coverage protection for contractors
Within the occasion you‘re a contractor, you may solely want regular obligation – not a full BOP. As an example, you might not private any industrial buildings that require property insurance coverage protection, or should cowl payroll or totally different working payments. However, you might be nonetheless uncovered to obligation risks out of your job.
You is prone to be eligible to get regular obligation insurance coverage protection, with out the extra coverages in a BOP, by means of the Progressive Profit Enterprise Program. We offer regular obligation, along with Blanket Additional Insured Safety to contractors who qualify.
Blanket Additional Insured Safety extends your current obligation insurance coverage protection to totally different entities as required by some contracts with employers.
Frequent obligation insurance coverage protection value
In 2021, the nationwide median value of regular obligation insurance coverage protection by means of Progressive was $48. The everyday worth was $65.
Most prospects uncover their month-to-month premium to be nearer to the median worth because of pricey outliers normally drive up the widespread value. Your value will depend on explicit choices of your enterprise.
Uncover further about regular obligation insurance coverage protection value, protection rating components and money-saving concepts that may help you uncover top-of-the-line combination between worth and security for your enterprise.
Get all of it in a BOP
Frequent obligation, along with totally different coverages, is in the marketplace in BOPs written by means of the Progressive Profit Enterprise Program.
If you might defend points like personal property used for your enterprise, or industrial buildings paying homage to garages or storage facilities, you may require the additional protections provided in a BOP.