Common legal responsibility insurance coverage (GL), also known as enterprise legal responsibility insurance coverage, is protection that may defend you from a wide range of claims together with bodily damage, property injury, private damage and others that may come up from your enterprise operations. Common legal responsibility insurance coverage quotes often embrace.
General liability insurance Companies
- Bodily damage and property injury legal responsibility
- Private and promoting damage
- Medical funds
- Merchandise accomplished operations
- Injury to premises rented to you
Who wants normal legal responsibility insurance coverage?
Common legal responsibility insurance coverage is commonly mixed with property insurance coverage in a Enterprise House owners Coverage (BOP), nevertheless it‘s additionally accessible to many contractors as a stand-alone protection by way of the Progressive Benefit® Enterprise Program.
As a contractor or small enterprise proprietor, you want some type of enterprise legal responsibility insurance coverage to safeguard your livelihood.
A single accident might end in a lawsuit that you simply may not be capable of deal with. A good way to guard in opposition to that is to be sure to have legal responsibility protection that matches your stage of publicity.
Some employers or purchasers may also require you to hold a specific amount of normal legal responsibility earlier than you possibly can work for them
Common legal responsibility insurance coverage for contractors
In the event you‘re a contractor, you would possibly solely need normal legal responsibility – not a full BOP. For instance, you may not personal any industrial buildings that require property insurance coverage, or must cowl payroll or different working bills. Nevertheless, you are still uncovered to legal responsibility dangers out of your job.
You is likely to be eligible to get normal legal responsibility insurance coverage, with out the additional coverages in a BOP, by way of the Progressive Benefit Enterprise Program. We provide normal legal responsibility, in addition to Blanket Further Insured Protection to contractors who qualify.
Blanket Further Insured Protection extends your present legal responsibility insurance coverage to different entities as required by some contracts with employers.
Common legal responsibility insurance coverage price
In 2021, the nationwide median price of normal legal responsibility insurance coverage by way of Progressive was $48. The typical value was $65.
Most prospects discover their month-to-month premium to be nearer to the median value as a result of costly outliers usually drive up the common price. Your price will rely on particular options of your enterprise.
Uncover extra about normal legal responsibility insurance coverage price, coverage ranking elements and money-saving ideas that can assist you discover one of the best mixture between value and safety for your enterprise.
Get all of it in a BOP
Common legal responsibility, together with different coverages, is on the market in BOPs written by way of the Progressive Benefit Enterprise Program.
If you could defend issues like private property used for your enterprise, or industrial buildings reminiscent of garages or storage amenities, you would possibly require the extra protections supplied in a BOP.