Small Businesses are the lifeblood of our economy.
Unfortunately, owning a North Carolina small business, or any other state, opens you and your company up to lawsuits.
Most commercial insurance agents are only trying to reduce your premiums by reducing coverage, when what you really need is an insurance advisor that will make sure you have the right coverage, with the right insurance company, for your business.
To navigate the General Liability Insurance market, you need a Trusted Advisor that can guide you through the coverage options and risks!
Do A Google Search for “general liability insurance nc” and you will be bombarded with search results from LARGE insurance companies wanting to SELL YOU something.
Whether you are researching business liability insurance for your small business or looking for a way to limit your liability insurance costs…we’ve got you covered.
This General Liability Insurance Resource will help guide you in making a more informed decision for your LLC Insurance.
General Liability Insurance protects businesses from lawsuits. covers all sorts of mishaps, making it one of the most comprehensive forms of legal protection available to small businesses.
There are several primary coverages provided by General Liability Insurance policies.
A Certificate of General Liability Insurance (COI) is an essential document for any business or organization.
General Liability Insurance can be crucial in protecting Independent Contractors from legal troubles.
Do independent contractors need general liability insurance? Whether you are an independent contractor or hiring one, this is what you need to know about general liability insurance.
Claims made general liability insurance is a type of insurance policy that provides coverage for businesses in the event of claims related to bodily injury or property damage resulting from their products, services, or operations.
This type of policy only provides coverage for damages that happen during the timeline of the policy and does not include any events that happened prior to the policy being issued.
As a contractor, having the right insurance is important to protect your business. With that in mind, what kind of insurance do you need? General liability insurance is a must for any contractor, and in this blog post, we’ll explain why.
In this article, we will learn about contractors’ general liability insurance, what it covers, how much it costs, and how to get a quote.
There are lots of factors that can influence the cost of your policy, from the amount of coverage needed to the size and scope of your operations. Understanding each element that impacts pricing can help you get an accurate estimate so you can budget accordingly.
No, While general liability coverage may not be legally mandatory, most clients will require it before signing a contract with you as a contractor due to the potential liabilities involved.
Yes, if you are a contractor your business needs contractors’ liability insurance in case you face any claims from services or products that cause injury or property damage to someone else’s property.
The cost of a contractor’s general liability policy depends on several factors such as the size and scope of your business, types of services offered, and number of years in operation but can range anywhere from $500 – $2500 annually when working with an independent agent who has access to multiple carriers that specialize in construction-related coverage plans
The main difference lies in when they pay out a claim. A claims made policy will only pay out if the incident occurred during its timeline and was reported within the same timeframe; an occurrence policy, however, pays out regardless of when the incident was reported, as long as it happened within its timeline.
Consider what risks are covered under each type of policy and make sure you have adequate coverage for all potential liabilities. Additionally, compare premiums between different insurers to make sure you’re getting the best deal possible. Check if your insurer offers prior acts coverage and/or tail coverage that could provide additional protection should something unexpected occur outside of the timeline of your policy.
Examine whether a claims made policy or an occurrence policy would be better suited for your industry/risk profile – some industries may require more comprehensive coverage than others. Additionally, it may be beneficial to consult with a financial or insurance professional who can offer more tailored advice based on your individual needs and circumstances.
Some insurers may allow you to select a retroactive date for claims made coverage which allows them to cover legal costs associated with something that occurred before their timeline started but was still reported within their timeframe – be sure to check with your insurer whether they offer this type of protection or not.