Business Liability Insurance
Commercial Business Liability insurance pays losses arising from actual or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations. Business Liability programs extend far beyond the provisions of typical policies and can potentially guard your business from financial devastation.
With lawsuits on the rise, and more and more businesses being sued these days, it’s so important to protect your assets. At News Insurance, we have programs that are designed to protect you from major losses & even replace your revenue as you rebuild. With the right policy in place, you may even be eligible to receive reimbursement for expenses necessary to keep your business operating at a temporary location or to outsource.
There is a broad range of protection and some of what may be covered can include the following:
1. Bodily Injury- this includes the cost of care, the loss of services, and the restitution for any death that results from injury.
2. Products- provides liability protection if an injury ever resulted from something your company made or service your company provided.
3. Contractual- this extends to any liability you may assume by entering into a variety of contracts.
4. Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types.
There are myriad scenarios that could occur to put your livelihood in jeopardy, so it definitely pays to obtain the best policy that addresses any adverse events that you may experience in your particular situation.