Business Liability Coverage

As a business owner, you know that even a small mishap—like a customer slipping on a wet floor or a product issue—can lead to unexpected claims that impact your bottom line. Business liability coverage, also known as Commercial General Liability insurance (CGL) helps mitigate financial risks safeguarding your business from accidents, property damage, or lawsuits that could otherwise threaten your livelihood. At Forward Insurance, we provide comprehensive commercial insurance solutions to keep your business secure, no matter its size or industry.

Features of a business liability insurance policy:

• General liability protection: Covers third-party claims for bodily injury, property damage, or personal injury that occur on your premises or as a result of your operations.
• Product liability coverage: Protects your business from claims related to products you manufacture, distribute, or sell that cause harm or injury.
• Professional liability insurance: Offers coverage for errors, omissions, or negligence in the services you provide.
• Property damage liability: Provides financial protection if your business activities cause damage to someone else’s property.
• Legal defense costs: Includes coverage for legal fees and court costs in the event of a lawsuit.
• Medical payments coverage: Pays for medical expenses if someone is injured on your business premises, regardless of fault.
• Customizable coverage limits: Choose liability limits that align with your business’s risk exposure and financial needs.

What it may not cover:

Business liability insurance generally excludes employee injuries, intentional harm, or damage to your own property. To fully protect your business, consider additional coverage such as workers’ compensation, commercial property insurance, or specialized policies like cyber liability insurance.

Moving Your Business Forward

Liability risks can impact business of all sizes — whether it’s a product malfunction or a contractor damaging a customer’s property. The right business liability coverage is essential, but the amount you need depends on factors like your business size, type, activities, and specific risks. At Forward Insurance, our friendly agents are here to help you navigate these details and find the best coverage to protect your business.