Leigh Insurance Agency of St Augustine Blog
When problems arise, liability insurance protects businesses and professionals. The coverage is subject to conditions and limits. The insurer can pay for all claims during the policy period. An aggregate limit of liability comes into play at this point. This guide explains aggregate limits and their utility in tailoring insurance coverage to a business's risk exposure and budget.
Many small business owners believe they will never need to file a claim when purchasing general liability insurance. Accidents do happen, and individuals make errors. Unexpected events might result in personal injury or property damage.
Due to the frequency of general liability claims, business owners should be aware of the claims-filing procedure. You must know when, how, and what happens when you file a claim. Learn more about handling general liability claims for your company and other topics.
Have you ever gotten into wondering the legality when it comes to copyright infringement? This could happen if you come too close to copying someone else's intellectual property, such as slogans, logos, or other intellectual material used for business.
The moment you share it online or through print, TV, and radio ads, you would be liable for damages. The aggrieved party can sue you for copyright infringement, especially if the property in question is patented.
However, what if you are just a small business owner? Are you entitled to any protection under the law, particularly when it comes to the additional costs of the lawsuit? The answer would be yes.
You can cover additional litigation costs and damage payments without difficulty if you have general liability insurance. Now that you know that you are covered, it is also important to find out the scope of your coverage points. Here are some additional details about that as follows:
General liability insurance protects your business from non-employee-related injuries. This includes damages and injuries that occur on your property, the ones that you cause to another property, as well as slander and libel. That is to say, it can cover typical lawsuits that may transpire in the daily ongoings of your business.
If you have general liability and you are sued, the policy will cover the legal expenses, which include settlements and fees of your lawyers. This is if the policy covers the lawsuit.
General liability insurance coverage typically includes these benefits: