Whether you’ve just started up, or have been in business for generations, business comes with uncertainties. We work with you to figure out your level of risk and we’ll walk you through deciding which insurance package meets your business needs.
Protection from damages
Look at your business, everything you see needs protection the building(s), equipment, vehicle(s), your staff, etc. You may not be thinking of threats posed to other people and businesses. Those threats could have you paying large legal fees, should you be held liable.
What general business liability insurance does and does not cover
Business liability insurance (general liability insurance) covers physical damage, or injury, to property, or people. Exclusions include data loss, reputation damage (client defamation), and inadequate professional advice. Should you be sued for inadequate professional advice, errors and omissions insurance, or E&O insurance, can serve as an added line of protection for your business.
When is business liability insurance mandatory?
You should have business liability insurance if you ever meet clients or have physical access to their equipment/property. Business insurance is often a requirement for some businesses when you want to sign contracts with them.
Business liability insurance is as common as it is necessary. We can help you find the right insurance to meet the growing needs of your business. Let one of our representatives walk you through the process.
Pearson Wallace business insurance agents operate throughout New England with a base of operations in Massachusetts including: South Boston, East Boston, Dorchester, Amherst, Pittsfield, Western MA, and more!
General liability insurance is a common necessity for most businesses. We can help you to determine a policy that works for your unique business.
General liability insurance throughout New England.
No matter the size and nature of your business, there are always uncertainties. We’ll work with you to determine your business risks and we’ll put together an insurance package that makes sense for your business.
Protection against the risk of damages.
When you look around your business, it’s obvious that you need to protect against damage to your buildings, equipment, and staff. Less obvious–but no less important–is the risk of damage to other people and businesses, which could leave you paying out large sums if you are held liable.
What general liability insurance does and does not cover.
General liability insurance mainly covers bodily injury to people outside of your business and physical damage to their property. A few exceptions to this principle include data loss and reputation damage (for example, if one of your business’ staff members defames a client). It’s important to note that general liability coverage doesn’t apply to cases where you are sued for giving inadequate professional advice. Errors & omissions insurance (E&O) can help to protect your business from that specific type of risk.
When is general liability insurance required?
Your business needs general liability insurance if you ever meet clients (at your business or theirs), or have any physical access to their equipment. Additionally, general liability insurance may be a requirement before some businesses will sign a contract with you.
General liability insurance is a common necessity for most businesses. We can help you to determine a policy that works for your unique business.