You must protect your customers from potential
injury – your financial security can be put at risk if you are
legally liable for damage to someone's property or if someone is
injured as a result of your business operation. No matter how
thoroughly you have been trained in your line of business, you are
not fully protected unless you have liability insurance.  Click
here for online Quote Request Form
Liability insurance includes three distinct
coverages:
Coverages A, B and C:
Coverage
A: Bodily Injury and Property Damage
Coverage
B: Personal and Advertising Injury
Coverage
C: Medical Payments
Coverage
A: Bodily Injury and Property Damage
This insurance protection provides
you coverage for your legal liability in these ways:
- Your
Premises and Operations Legal Liability:
Somebody -- your customer or visitor suffers bodily injury or
property damage within your business premises or as a result of
your business operation (within or outside your premises.)
.
- Your
Products and Completed Operations Legal Liability
Your finished work or product injures somebody or his/her
property is damaged and your finished work or product is
responsible.
In both cases, the injury or property damage needs to occur
outside your premises, or you must relinquished possession of
your finished product to the injured before they can be paid
under your Products and Completed Operations liability
insurance.
If the injury or property damage occurs within your premises, or
as you are doing a job, or while you still posses your finished
product which caused the injury or property damage, then it will
be covered under your Premises and Operations liability
insurance, #1 above.
.
- Your
Contractual Legal Liability
Somebody else -- the government, an individual or another
business has given you a contract to perform a job, maintain a
facility or you are their supplier -- and you had signed a
contract to hold them harmless and there is an injury or
property damage which your product or operation has caused.
.
- Your
Fire Legal Liability
This covers you and prevent you from paying huge damages when
your negligence or your employees' negligence causes fire to the
portion of a property which you rented or leased.
Many property owners will require you to have this insurance
coverage -- and sign a contract to assume this responsibility
before leasing or renting their property to you.
.
- Your
Host Liquor Legal Liability
You provide liquor in a special event which you are hosting --
and somebody is injured or property is damaged -- and the injury
or property damage is attributed to the liquor which you
provided.
You are legally liable for the injuries or damage, but this
insurance protection covers you.
.
- Your
Incidental Medical Malpractice Legal Liability
A customer or visitor is injured in your business premises or
where you are performing a job (within or outside your premises)
and you or your employee (none of you being a qualified medical
professional) tries to help the injured and render first aid or
other medical treatment which causes further injury.
You and your employee who rendered the disastrous medical help
are financially liable, but will be protected with this
insurance coverage.
.
- Your
Extended Bodily Injury Legal Liability
A thief or a vandal enters your premises and tries to do havoc.
You or your employee apply reasonable force on the thief or the
vandal -- and the thief or vandal is injured.
You are liable for the injury even though you were protecting
your property. However your extended bodily injury liability
insurance protects you or that employee who intentionally caused
the injury to the offending intruder.
.
- Your
Liability Protection on Watercraft You Do Not Own
You rent or operate a watercraft you do not own. The watercraft
is no more than 26 feet long, and you do not transport people or
goods with the watercraft, for a fee, you have liability
protection with this insurance coverage in case of an accident.
.
- Protection
for Your Legal Liability for Property in Your Care
Your Commercial General Liability (CGL) insurance provides you
some protection for damage to property that was entrusted in
your care.
It also protects you in the event that a job which you
performed, or which was performed for you,
This coverage is provided to you, under the Broad Form Property
Damage part of your CGL.
.
- Protection
for Your Worldwide Products Liability
You make or sell a product within the US, and its territories
and Canada, and it causes injury to somebody who took it abroad
-- and you are sued.
Your Limited Worldwide Products liability insurance, which is
also a part of your CGL covers you for this legal liability.
Coverage
B: Personal and Advertising Injury
In our sue-crazy society, anybody can come after you and your
business for any reason.
You are advertising your products or services and somebody is
offended.
This insurance protection provides you coverage if you are sued for
things that has caused injury (not bodily injury) but has offended
that person.
Examples of offenses you can legally liable for are:
- slander
- libel
- invasion of
privacy- or similar accusations
This insurance
protection, which is a part of your Commercial General Liability
insurance protects you in those circumstances.
Coverage
C: Medical Payments
This insurance protection covers medical payments associated with
injuries to your customers, visitors, suppliers or anybody other
than you and your employees who are covered by workers compensation.
The injuries must occur within your premises, on walkways leading to
your premises or as a result of your operation.
This payment is made regardless of whether you are at fault or not.
This coverage is provided, as long as the expenses are incurred, and
the injury is reported to the insurance company not more than one
year after the date of the accident.
To protect you and your insurance company from fraudulent claims,
the injured person must be willing to undergo a medical examination
by the insurance companies' doctors.
You may
choose a Single Limit Coverage or Dual or Split Limit Coverage, or
Aggregate Limit Coverage subject to requirements in your state (if
any) and/or the practices of the insurance company.
Single Limit Coverage
The single limit coverage provides a one-limit (e.g.: $600,000,
$800,000, $1,000,000 and so on) protection for you for all bodily
injury and property damage losses for the entire policy period.
Dual or Split Limit Coverage
A dual or split limit coverage provides a separate limit for bodily
injury per person, a separate limit for every bodily injury per
accident (regardless of number of people injured or dead) and
another limit for property damage in that accident for the entire
policy period.
For example, dual limits of $150,000/$300,000 mean that the
insurance company will pay up to $150,000 for bodily injuries,
and up to $100,000 for the repair or replacement of the other
parties property damaged in accidents that occur within the entire
policy period.
Aggregate Limit Coverage
(The Most Conventional Limits of Coverage)
An aggregate limit coverage stipulates the maximum amount the
insurance company will pay for all injuries and property damages
during a specified period.
For example if you select a policy with an aggregate limit of
$50,000/per year, your insurance will pay a maximum of $50,000 in
claims within a 12 month period.
Limits
of Coverage
Losses that follow an
accidents in most businesses can sometimes, be very big.
Be careful to select a limit that assures you adequate protection.
This is because in the event of a serious accident, you will be
responsible for any judgment amount awarded to the injured party(ies)
by the court or jury, for which your insurance company is not
responsible.
Email us with your specific
requirements and we will provide you a no hassle quote.
Ashlie@TexasInsurance.biz
Phone
(888)221-2640 Direct (817)232-1580
Email: Ashlie@TexasInsurance.biz
24-hours a day
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