Protecting your business with proper liability insurance is the best way to safeguard the assets that you’ve worked so hard to earn. After all, business owners face enormous risks and everything could be lost in the event of just a single liability claim filed against you or your company.
Luckily, the insurance agents at Crusberg-Decker Insurance specialize in providing comprehensive protection for companies like yours. In addition to workers’ compensation insurance, make sure your business is protected with commercial liability coverage.
General Liability and Excess Liability Coverage
General liability coverage protects you if you or one of your employees is responsible for bodily injury or property damage caused to another person. General liability insurance is oftentimes sold as part of a business owners policy (BOP), which also includes commercial property insurance and business interruption insurance.
However, all policies have limits. And, in today’s litigious society, one claim could easily reach far beyond the limits of a general liability policy. Commercial excess liability insurance kicks in when your general liability policy limits are maxed out, ensuring your complete protection even if an astronomical claim is filed against you.
Professional Liability Insurance
Also known as errors and omissions (E&O) insurance, professional liability coverage protects service providers from negligence claims. Professional liability insurance was created for lawyers, accountants, consultants, financial advisors and medical professionals. In the health care industry, professional liability coverage is also known as malpractice insurance. The terms of coverage vary depending on risk and industry, but the philosophy is the same—allow service providers to work without fear of legal action against them.
Directors and Officers Insurance
For CEOs, making tough decisions is part of the job. However, even the best of us make mistakes. If a director or officer is responsible for a decision that leads to a loss, he or she can be held personally liable. Directors and officers (D&O) coverage protects individual assets in the business world.
If you are concerned about whether or not your business is completely shielded from liability claims, you should be. Liability protection is key to protecting you and your assets from loss. Contact Crusberg-Decker Insurance at 800.640.1712 to learn more about how our agency can help protect you.
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