General Liability
Commercial general liability insurance protects you from countless liability threats. Liability threats from property damage, personal injury, or advertising injury caused by you, your workers, or your services can be covered. All businesses have varying levels of risk associated with their operations and require different levels of coverage. An office building has different needs than a machine shop. Arcadia Insurance will help you find a commercial general liability policy to provide the protection you need within your budget.
General Liability Insurance: Michigan and Minnesota
General liability insurance is one of the most common types of business insurance policies. It is sometimes called commercial general liability insurance or business liability insurance. Nearly every business needs this type of coverage in Michigan and Minnesota. General liability insurance protects your business if a client, customer, or other party is injured or their property is damaged during the course of business. This is an essential form of insurance coverage because without it you will be paying for medical bills, property damage, or lawsuits out of your own pocket. On a long enough timeline, nearly every business has one of these types of claims, no matter the industry. It could be something as simple as a delivery driver tripping on the edge of your carpet, and without a general liability policy your business could be bankrupt.
Basics of General Liability Insurance
Nearly every business needs general liability insurance. It does not matter what industry you are in or how large your business is, nearly everyone is exposed to significant liability risks. It is so standard for business owners to carry liability coverage that it is a prime component of a business owners policy (BOP).
Cost of General Liability Insurance
Premiums for general liability policies will vary greatly between all businesses. Many factors go into calculating your premium, from the size of your business to the risk involved in your day-to-day operations. Furthermore, every insurer specializes in working with different types of businesses, which greatly shapes how much they charge for coverage. The variability between businesses and insurers is why it makes the most sense to work with a commercial insurance broker like Arcadia Insurance. The commercial insurance professionals at Arcadia Insurance give you access to hundreds of policies, which helps you find the best value possible.
General Liability Insurance Coverage Limits and Exclusions
Generally speaking, if your business or your employees cause bodily injury, property damage, or even harm to someone’s reputation, general liability insurance will cover you. Not only does this policy cover any medical bills or the cost to repair/replace damaged property, it will even cover the cost of representing you in a lawsuit. There are three types of common claims that are paid out by your general liability insurance policy. The first is personal and advertising injury. The second is third-party bodily injuries. The third is third-party damage.
While general liability insurance offers business owners a lot of protection, they do not cover all possible liabilities. For anything your general liability policy does not cover, you’ll need additional insurance policies to make sure your business is protected. Property damage, commercial auto accidents, employee injuries, as well as errors and omissions are all exclusions. If you need commercial insurance coverage for something excluded from your general liability policy, Arcadia Insurance has you covered. We offer a full array of commercial insurance policies through our trusted carriers. Whether you need commercial auto insurance, commercial excess insurance, or anything else, we will build a plan that’s perfect for you.
Arcadia Insurance Has the General Liability Insurance You Need
One-size-fits-all policies fail because they have too few variations. Businesses are unique, especially based on the industry you're in and the region you’re located. General liability insurance is a cornerstone of any commercial insurance plan. That’s why you cannot accept a policy that is just okay for your business. You need a plan made to your specifications for your needs. Trusting your businesses with anything less is inviting disaster and financial ruin. Thankfully, Arcadia Insurance can tailor a general liability plan specifically for you. We’ll make sure that we get you a policy that protects your business and your budget. We are proud to serve businesses in Michigan and Minnesota. General liability insurance is an important tool for all businesses, which is why we take our role as your insurance broker seriously.
If you want quality, commercial property insurance within your budget, then there’s only one name to trust in Michigan and Minnesota: Arcadia Insurance. Contact us today to make sure we got you covered.
