Business
Business Liability Insurance
Business insurance protects you and your business with coverage for claims related to allegations of negligent activities or failure to use reasonable care. As one of America’s leading online providers of business insurance for computer consulting and IT services firms, Techinsurance has helped thousands of businesses and individuals get the small business liability insurance they need.
Types of Business Liability Insurance
General Liability Insurance: This form of business liability insurance is the main coverage to protect your business from: injury claims, property damages, and advertising claims. General liability insurance also known as Commercial General Liability (CGL) may be the only type of business liability insurance you need depending on your business situation.
Professional Liability Insurance: Business owners providing services will need to consider having professional liability insurance known as errors and omissions. This coverage protects your business against malpractice, errors, negligence and omissions. Depending on your profession, it may be a legal requirement to carry such a policy. Doctors require coverage to practice in certain states. Technology consultants often need coverage in independent contractor work arrangements.
Get the Package Deal: Purchasing separate types of business insurance from various insurers can quickly escalate your premiums. Depending on your business situation, it can make sense to buy a package of policies such as Business Owners Policy (BOP) to cover your business and save on rates. Be sure to understand the extent of coverage of the package. Not every type of insurance falls under a BOP. A business professional will often require a separate errors & omissions coverage.
Business Liability Insurance Package Policy
Often referred to as a Business Owners Policy (BOP), a General Liability package policy protects your company in the event that a client is injured on your premises or if you or one of your employees injures someone or damages property at a client’s location. The General Liability coverage on a business liability insurance policy also meets your landlord’s requirement that you carry business premises liability insurance.
