General liability insurance

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General Liability Coverage for Your Emerald Coast Business

At Term Brokers Insurance, we prioritize safeguarding your business from financial risks and legal liabilities. We’re proud to offer our expert services in general liability insurance to our trusted Emerald Coast clients. Our team of experienced professionals specializes in professional liability plans and is wholly committed to providing tailored solutions that address your company’s individual needs. Regardless of the size of your business, we possess the expertise and resources necessary to navigate the complex world of liability insurance with professionalism and finesse.

What is General Liability Insurance?

General liability insurance is a type of insurance that provides coverage to businesses for a range of liability claims. This coverage can protect businesses from financial losses from accidents, injuries, and other liability claims. Examples of situations where general liability insurance can cover businesses include slip and fall accidents, property damage caused by a business’s operations, and product liability claims. 

The types of coverage available under general liability insurance include bodily injury, property damage, and personal and advertising injury. Bodily injury coverage protects against claims made by individuals injured on a business’s premises that need medical professionals. In contrast, property damage coverage protects against suits related to damage caused by a business’s operations. Personal and advertising injury coverage protects against defamation, libel, or slander claims.

Our General Liability Insurance Services

At Term Brokers Insurance, we provide tailored general liability insurance services that cover bodily injury, property damage, personal injury, and advertising injury. Our policies also include coverage for legal expenses and settlements, giving our clients protection and peace of mind. Our affordable solutions are accessible to businesses of all sizes and industries, and our team is always available to guide our clients on the best coverage options.

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Requirements for General Liability Insurance

Any business interacting with the public or customers will need professional liability insurance. This includes retail stores, restaurants, contractors, and service-based businesses. However, some industries, such as healthcare providers or construction companies, may have specific professional liability coverage requirements.

The coverage limits for professional liability insurance will depend on the business’s specific needs. However, most policies will have a per-occurrence limit and an aggregate limit. The per-occurrence limit is the maximum amount the policy will pay for a single claim. In contrast, the aggregate limit is the total amount the policy will pay out over the period.

General liability insurance policies typically have exclusions for specific incidents or risks. For example, most policies will not cover intentional acts or criminal activity. It’s essential for businesses to understand what is and isn’t covered by their approach to ensure that they have adequate protection.

General liability insurance policies will have a deductible like most types of insurance. This is the amount that the policyholder is responsible for paying before the insurance coverage kicks in. Higher deductibles can help lower the cost of insurance premiums, but it’s essential to balance this with the potential financial risk of a claim.

Depending on the needs of the business, there may be different coverage options available for general liability insurance. For example, some businesses may want to add product liability coverage if they manufacture or sell products. Others may want to add coverage for cyber liability or malpractice liabilities.

Our Process

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Initial Consultation

Our team will work with you to assess your business’s unique needs and identify the coverage options that will provide the best protection for your business. We’ll give you a clear understanding of the types of coverage available and answer any questions you may have.

Customized Coverage Options

Every business is unique, so we offer customized coverage options tailored to your needs. Our team will work closely with you to ensure that the number of coverage options we recommend are comprehensive and provide optimal protection.

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Affordable Rates

We offer competitive rates and flexible payment options to ensure you get the coverage you need at a price that fits your budget.

Claims Handling Assistance

If you need to file a claim, our team will provide support throughout the claims process. We’ll work on your behalf to ensure that you receive a fair settlement and that your business is protected.

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Ongoing Support

We value long-term relationships with our clients and strive to provide ongoing support to ensure that your coverage remains up-to-date and meets your changing needs.

Frequently Asked Questions

General liability insurance protects your business from financial loss if you are found legally responsible for bodily injury or property damage to a third party. It can also cover claims of libel, slander, and false advertising. It would be best to have general liability insurance to protect your business from the financial impact of lawsuits and other legal claims. Without this type of insurance, you would be responsible for paying the costs of a lawsuit out of pocket, which could be devastating for your business.

The amount of general liability insurance you need depends on your business's size and scope, industry, and the risk associated with your operations. Most businesses will need at least $1 million in general liability coverage, but some may require more. Working with an experienced insurance agent or broker is essential to determine the appropriate amount of coverage for your business.

While general liability insurance provides broad protection for your business, there are some things it doesn't cover. For example, it typically doesn't cover damage to your property, intentional acts, or employment-related claims such as discrimination or wrongful termination. It's essential to read your policy carefully and understand the exclusions and limitations of your coverage. If you need additional protection beyond general liability insurance, consider other types of insurance, such as professional liability or cyber liability insurance.

Contact Us Today!

General liability insurance is crucial to protecting your business from the financial impact of professional liability claims. Without this coverage, your business may be exposed to significant financial risks that could threaten your operations and bottom line. Our business specializes in providing customized liability insurance solutions to businesses across the Emerald Coast We understand businesses’ unique risks and work closely with our clients to identify the right coverage options for their needs. If you need general liability insurance, we invite you to contact us today to learn more about our services and how we can help protect your business. You can visit us at 348 Miracle Strip Pkwy SW Ste 30-A Fort Walton Beach, FL 32548, or call us at 850-864-2000.

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