Your business is an enormous part of your life, so protecting your business is an important responsibility. If your business causes damage or harm to a member of the public, customer, client or competitor, your liability coverage will provide invaluable protection to the company you have worked so hard to build. Our local, dedicated agents at United Insurance Agency, Inc., will use all of our resources to find a liability policy that meets your company’s needs.
Generally, for small businesses, the best and most affordable liability insurance can be added to the Business Owners Policy (BOP), combining liability and property insurance coverage into one policy. You may opt to have a separate, Commercial General liability policy, as well.
Your insurer will cover claims to property damage, bodily injury or personal and advertising injury up to the policy’s limits. Bodily injury includes injury, sickness, disease or death, as well as mental and emotional injuries, like post traumatic stress disorder.
Personal and advertising injury policies cover libel, slander, and any written or verbal statements that defame someone.
As a business owner, you may opt to add a special endorsement to your liability policy. Popular endorsements for small businesses include:
Employment Practices Liability Insurance (EPLI) If your business employs even a few employees, there is a risk that the company may face a discrimination claim. With EPLI coverage, your business is backed by us, your insurer, in the instance that an employee files a discrimination or wrongful termination claim against you.
Errors and Omissions Liability Coverage protects you when your business gives advice or personal service that does produce the expected results for your customer. Sometimes, this negligence is referred to as malpractice. If you are covered by errors and omissions liability coverage, your insurer will pay for litigation and damages, up to your policy limits.
Directors and Officers Liability Insurance (D&O) policies protect past and present directors and officers from harmful repercussions that may be caused by decisions they make while working for your company.
As a business owner, there are many decisions to be made. At United Insurance Agency, Inc., our knowledgeable agents are ready to help you make the right choices for your insurance needs. Contact us today to find an agent that is as dedicated to your business as you.
info [dot] uia [at] uia-eld [dot] com
United Insurance Agency office116 W Elm Street