General Liability Insurance

GET A QUOTE

• Buildings - including improvements you have made.
• Business continuation - death of an owner, partner or key stockholder
• Contents - personal property, stock and equipment.
• Crime - loss of money and securities through theft, burglary and robbery; employee dishonesty; forgery and alterations.
• Equipment Breakdown - air conditioning, refrigeration, electrical and mechanical equipment.
• Computers - hardware, software, media and reproduction costs.
• Business Liability - premises, operations, products and completed operations.
• Personal Injury - libel, slander, defamation of character, wrongful eviction and invasion of privacy.
• Accounts Receivable - including a debt owed to an enterprise, arising out of the normal course of business dealings.
• Loss of earnings or rents
• Valuable papers
• Glass
• Signs
• Medical payments
• Business auto

An insurance company bases insurance premiums on the risks involved. To do this, they evaluate the situation to determine the risks, or potential for losses. The insurance company determines its rates on the results.

• Maintain adequate lighting throughout your business premises.
• Keep electrical wiring, stairways, carpeting, flooring, elevators and escalators in good repair.
• Install a sprinkler system, smoke and fire alarms and adequate security devices.
• Keep only a small amount of cash in the cash register.
• Keep good records of inventory, accounts receivable and equipment purchases.
• Consider keeping a second set of records off-site, such as with your accountant, insurance agent or at home.
• Make sure your employees have good driving records.
• Make sure your employees know how to lift properly and use all necessary safety equipment, such as goggles, gloves and respirators.
• You should consider using the services of a risk manager. An outside consultant can advise you of any safety or environmental regulations you may have overlooked.
• Talk to your employees about safety practices.

You may also want to raise your deductible where appropriate to lower your premiums. Be careful not to raise it so high that you cannot cover it should a loss occur.

Meet with your insurance broker annually to review your current coverage. Gather all your present policies (including Employee Benefits, Workers Comp and Property/Casualty Coverage’s).

Ask your current insurance company or companies for a no obligation, free survey of your exposures. Checking out the physical layout of your business, as well as your safety equipment and procedures, may reveal steps that can be taken to reduce risk and, equally importantly, your insurance premium.

Make certain your insurance coverage keeps pace with your business growth. Sometimes a busy business owner is growing so fast that proper coverage for expansion or new equipment is overlooked.

GET A QUOTE