General Liability Insurance in Fort Worth, TX
As a business, you must account for many risks and exposures. Even daily operations and routine tasks may include pitfalls that could lead to serious accidents and significant financial ramifications. Incidents from which other parties are harmed or accrue losses may be particularly damaging, as they may result in your company being sued. With this in mind, your organization should understand the potential value of a commercial general liability insurance policy.
What Is Commercial General Liability Insurance?
Commercial general liability insurance, also known more simply as general liability insurance, may provide a versatile safety net to protect your business’s finances following incidents for which you were at fault. If your company’s employees or operations are at fault for another party’s financial losses, these policies can play a critical role in limiting your out-of-pocket losses.
What Does Commercial General Liability Insurance Cover?
As its name suggests, commercial general liability insurance may offer financial protection from many risks and incidents applicable to most businesses, regardless of size or sector. Typically, your organization’s policy may include coverage for the following:
- Bodily injury—If a third party is harmed in an incident for which you were liable, this coverage may help pay for their financial losses, including medical bills and reduced income if their ability to work is affected.
- Property damage—This coverage may provide financial assistance for repair and replacement costs if your organization is at fault for damaging another party’s property, such as that of a guest or neighbor.
- Personal and advertising injury—This component of general liability insurance may render financial aid for legal costs and financial losses arising from personal and advertising injuries, including slander, libel, false advertising and intentional copyright infringement.
How Much Does Commercial General Liability Insurance Cost?
Like many types of insurance, adequate commercial general liability coverage costs may vary significantly. Before being able to provide your organization with an accurate quote, insurers must consider your unique circumstances, including the following criteria:
- Number of employees
- Assets and revenue
- Prior claims history
- Policy details (e.g., coverage limits)
Get the Right Coverage
Having served hundreds of businesses, families and individuals in the Fort Worth, TX area, the dedicated team at Cornerstone Independent Insurance Agency LLC has the proficiency to ensure your company has adequate commercial general liability coverage. We will work with you to assess your needs, explore available options and procure optimal policies. Contact us today to get started.