As a business owner, you know there’s no shortage of risks – from personal injury due to slip-and-fall accidents to product liability claims. That’s why General Liability Insurance is critical – it protects your organization against legal claims and covers legal and medical costs. But with so many options available, how can you be sure you’re getting the best coverage at the most competitive price?
HCP National is a certified minority-woman-owned brokerage that can help you find an optimal General Liability Insurance quote tailored to your unique needs.
Since 1994, HCP has helped businesses like yours define and minimize their risks by implementing the right insurance products at an affordable price.
General Liability Insurance, also known as GL Insurance, business liability insurance, or commercial liability insurance, is a type of insurance policy that protects small business owners against financial losses due to claims of bodily injury, property damage, and more.
More and more, savvy businesses are considering purchasing general liability insurance to protect against risk and financial losses.
In fact, the insurance industry in the United States is estimated to reach $6.64 billion in B2C general liability premiums by 2024, a marked increase from the $5.7 billion written in 2019 (Source).
General Liability Insurance policies provide coverage for versatile claims. These can include bodily injury, property damage, personal/advertising injury (such as slander and libel), medical payments coverage, and more.
General Liability Insurance shields businesses from a wide array of liability risks, typically grouped into three categories:
So, in summary, general liability insurance can provide coverage for claims resulting from injury to people or damage to property caused by your business activities.
The short answer: any business that deals with customers, vendors, or other third parties may need General Liability Insurance. It is essential to your risk management strategy, protecting you from potential liabilities and financial losses resulting from claims against your business.
The following professionals and businesses should have General Liability Insurance:
In essence, if you or your employees come into direct contact with customers, handle their property, engage in marketing activities, work on job sites, or enter into contractual agreements that require protection against unforeseen circumstances, obtaining commercial General Liability Insurance is a wise decision to make.
HCP National can help you find comprehensive and affordable coverage to suit your business needs.
Simply put, General Liability Insurance gives you the peace of mind that comes with knowing your business is protected against potential legal claims and liabilities.
Suppose a customer or third party files an eligible claim against your business for bodily injury or property damage. In that case, General Liability Insurance will help cover any costs associated with defending yourself in court – even if the claim does not have merit.
General Liability Insurance is often included in contractual requirements, so it's important to ensure you have the coverage you need before entering into an agreement. A certificate of insurance is often requested as proof that your business is adequately insured and can provide peace of mind for both parties.
Since 1994, HCP has helped organizations like yours define and minimize their risks by implementing the right insurance products at an affordable price. Our priority is to help you find the best GL coverage and terms, at the lowest possible cost.
The cost of General Liability Insurance depends on several factors, including the type and size of your business; the number of employees you have; and the amount and scope of coverage you need.
Here are some of the key cost factors to consider when obtaining General Liability Insurance:
At HCP National, we use a range of factors to determine the best policy for your specific needs – from evaluating the risks associated with your industry to analyzing any prior claims or lawsuits you may have encountered. Our team will work closely with you to find an optimal quote that meets your budget and risk management goals.
GL is not an all-encompassing policy. Depending on your industry and its associated risks, you may need to get additional policies or add-ons to get the most comprehensive coverage possible.
Common additions include:
At HCP, we understand that every small business is unique. We offer a range of insurance options tailored to your specific needs, industry, and size, so you can be sure you’re getting the best protection through your General Liability Insurance policy at the most competitive price.
Founded in 1994, HCP National is an independent, privately held commercial insurance brokerage serving clients nationwide. HCP is one of the largest brokerages in the country that is led and owned by a certified minority woman.
Our number one priority is to help you find the best coverage and terms, at the lowest possible cost.
NOTE: THE ABOVE IS A GENERAL DISCUSSION ABOUT HOW COMMERCIAL GENERAL LIABILITY COVERAGE MAY WORK. YOUR INSURANCE POLICY, AND ALL ADDENDA, ARE THE ONLY AUTHORITY OF HOW YOUR COVERAGE WORKS. DO NOT RELY ON THIS ARTICLE AS AN EXPLANATION OF YOUR COVERAGE. HAVE YOUR ATTORNEY REVIEW YOUR ENTIRE POLICY WITH YOU TO DETERMINE WHAT IS AND ISN’T COVERED
Since 1994 – HCP’s top priority is finding clients the best possible coverage and terms at the lowest possible cost. HCP is a certified diverse (MBE & WBENC) insurance brokerage.
