Running a business costs money and has its risks. There’s always a chance that you might make mistakes that harm others, and when these problems occur, they’re likely to cost the business money. In fact, if a dissatisfied customer sues you because they believe you caused them harm, then the losses might be impossible to overcome. Don’t put a business at risk of failure if these incidents ever occur. Instead, having the proper liability insurance in place can help you minimize this risk.

Lupton & Luce Insurance will provide every business owner in New York with the essential commercial insurance benefits that always securely address liabilities in your business. You can trust us to know how to research, build and finalize an affordable policy that fits neatly into your risk management plan. Call us at (631) 727-4114 or request your free policy quote now!

Common General Liability Insurance Questions:

 

What Does General Liability Insurance Cover?  
General liability insurance typically provides three types of coverage for your company: 

• Property damage insurance helps pay to replace or repair someone else’s property if you or one of your employees accidentally causes the damage during regular business activities. 
  
• Bodily injury liability insurance helps pay medical bills and other expenses related to a third-party injury liability claim after an accident on your company property. 
  
• Personal/advertising injury insurance coverage helps pay costs associated with copyright infringement, personal injury accusations, libel, advertising injuries, invasion of privacy and slander. 
  
  

How Much General Liability Insurance Does My Company Need?  
Your agent can help you decide how much liability coverage your company may need. Many business owners consider a basic general liability insurance policy essential to the company’s future financial stability. Your policy has specific limits you should also discuss with your agent.  

Depending on your company’s exposure to risk and your industry, your agent may recommend that you purchase additional liability coverage with an umbrella policy. This insurance policy kicks in if a liability claim exceeds the limits of your other insurance coverage. 

How Does General Liability Insurance Work?  
General liability insurance works much like other commercial insurance. Your company makes regular premium payments in exchange for coverage. If an incident or accident triggers a liability claim, your insurer helps pay for damages according to the policy’s terms. 

Who Needs General Liability Insurance? 
Any business that wants protection from the financial consequences of liability claims can benefit from purchasing general liability insurance. This policy can help an organization bear the financial burden of its legal liability after an accident causes third-party property damage or injuries. Without this coverage, a liability claim could cause devastating financial harm to a company. 

Get General Liability Insurance for Your Business Today 
Contact Lupton & Luce today to better understand how a general liability insurance policy tailored to your company’s needs can help provide essential financial protection.