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General Liability Insurance

What is General Liability Insurance?

A form of insurance designed to protect owners and operators of businesses from a wide variety of liability exposures. These exposures could include liability arising out of accidents resulting from the premises or the operations of an insured, products sold by the insured, operations completed by the insured, and contractual liability.   General Contractor Liability Insurance

How much liability coverage do you need?

Generally, experts say, $1 million to $3 million of liability insurance should be plenty. The good news is that liability insurance isn't priced on a dollar-for-dollar basis, so twice the coverage won't be twice the price.  The price you'll have to pay for comprehensive general liability insurance depends on the size of your business (measured either by square footage, gross sales or by payroll) and the specific risks involved.  

Companies with a board of directors may want to consider Directors and Officers liability insurance (D&O). This type of insurance protects top executives against personal financial responsibility due to actions taken by the company.

General Contractor Liability Insurance

Typically general contractors cannot perform the work for a job without liability insurance.  General contractor liability insurance is designed to protect owners and operators of businesses from a wide variety of liability exposures. These exposures could include liability arising out of accidents resulting from the premises or the operations of an insured, products sold by the insured, operations completed by the insured, and contractual liability.  Cost for general contractor liability insurance will vary based upon the amount of liability you go with, one million, two million, three million and so on.  Your rates will also be determined by the type of work your doing, gross receipts, as well as your total payroll expenses.   As with auto insurance you will make a down payment for you general contractor liability insurance policy and then 9 or 10 consecutive monthly payments.  We suggest you compare multiple quotes before you buy your liability insurance.  Request your free competitive quotes today!

Directors and Officers Insurance - D&O

Directors and Officers Liability Insurance is commonly referred to as "D&O Insurance." The goal of D&O Insurance is to protect officers and directors of a corporation from liability in the event of a claim or lawsuit against them asserting wrongdoing in connection with the company's business.

Once you start to rely on others to run your business (board of directors and professional managers), D&O Insurance becomes desirable. D&O Insurance basically protects against liability claims from people who allege that in conducting the business of the corporation, the directors and officers breached a legal duty to them. Essentially, D&O insurance can provide protection for claims that result from errors in judgment. Directors have potential liability for not adequately performing their obligations or failing to exercise reasonable business judgment. 

It is very important to compare multiple quotes to ensure that you are getting the best coverage for the cost.  Let us assist you in getting the best price and the most coverage for your directors and officers. 

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