Having good general liability insurance in New York is extremely important for many companies. Since the business world is so risky and full of unknowns, it’s a good idea to invest in an insurance policy to help keep your business safeguarded. Here is a quick guide to items that are and aren’t covered with most general liability policies.
General Liability Covers
Many plans will cover:
- Lawsuits and Settlements
If your business is sued, or a lawsuit is filed against you, then your general liability coverage plan will typically cover court costs, settlements and any other expenses that may occur.
If there is an accident with a customer on your company property then general liability will often cover the related expenses.
General liability often covers a number of items that you hadn’t thought of. Speak with your insurance agent to get a more thorough idea of what your particular plan covers.
General Liability Doesn’t Cover
While each general liability policy will differ slightly based on the needs of the company, as a general rule most policies do not cover:
- Employee injuries
- Auto accidents
- Intentional acts
- Professional mistakes
It’s a good idea to keep a copy of your general liability insurance in New York plan handy so that you can refer to it as needed. If you don’t already have a good general liability plan in place then speak with an insurance agent soon. It will help keep your business protected.