Commercial Liability Insurance Coverage in 3 Easy Steps

Have you been wondering how to get commercial liability insurance for your business? No matter what product or service your provide, commercial liability coverage is the foundation of insurance protection, keeping your assets where they belong - in your business bank accounts.

As a business owner, you know the threat of a lawsuit is real. One small incident or accident can lead to big trouble.

What are your chances of your business facing a lawsuit? With over 100 million cases filed in US state courts every year, the chances of your business being sued are good. And that’s bad news for business owners, when even something as small as a slip and fall accident can cost you an average of $20,000.

For many small businesses, coming up with that kind of cash could be devastating.

That’s why commercial liability insurance can benefit you, no matter what your business is or how you operate it.

Commercial liability insurance covers your business from the costs of lawsuits arising from:

  • Third-party injuries
  • Third-party property damage
  • Product liability
  • Advertising injury (libel, slander, and defamation)
  • Copyright infringement

Lawyers’ fees, court costs, settlements, and judgements can add up quickly, whether you are at fault or not. Your commercial liability (also known as business general liability) policy will cover these costs, so you don’t break the business bank trying to pay them yourself.

Every day that you operate without liability coverage, you are running the very real risk of having to pay the high costs of a lawsuit yourself. Luckily, you can get your business covered quickly, so you can rest easy and focus on the important things: like growth and profitability.

How to Get Commercial Liability Insurance

Follow these three easy steps, and you will be covered before you can say “low annual premiums.”

Step 1: Get an Instant Online Quote

An insurance quote will be an estimate of how much total insurance coverage you’re getting, and what that will cost you in annual premiums. If you would like any extra coverage added to your policy, you can get a price estimate for those “riders” at the same time.

Getting a quote is fast and easy.

Fill out a few simple forms with information such as your name, and the state in which you do business, and you will receive your quote via email. Give your quote a quick review, and then you’re ready for step #2.

Step 2: Complete Your Application

Once you’ve reviewed your quote, it’s time to complete your application for coverage. Don’t worry, we know that you are busy, and we don’t expect you to take the day off to come to our office. Instead, we bring the application to you. You can complete an application online at Citizens General, or over the phone with one of our in-house professionals.

If you do speak to one of our agents in person, feel free to ask about other options available to you to increase insurance protection for your business. You may even get some ideas on how to lower your insurance premiums, so don’t hesitate to pick up the phone. No time to chat? No problem. The online application can be filled out on your time, and submitted when you are ready.

With general liability coverage, you won’t need to chase around paperwork all day just to complete your application. If you live in a state where a contractor license is required, we will need that information. If you have any prior losses, we’ll ask for a loss runs report from prior carriers. If neither of these situations applies to your business, your application process will go even faster.

When your application is complete, it’s time to move to step 3.

Step 3: Sign and Submit Payment

Your completed application will be sent to an insurance carrier for approval, and then we will get you a bit of paperwork to sign. Once again, we know that you have a business to run. That’s why Citizens General makes it easy to sign your documents and submit payment. With our Docusign process, you can sign your documents electronically from the comfort of your home office, your bustling warehouse, or from a tablet in an airport. We will work with you from wherever your business needs you to be.

Once you have submitted your signed documents and payment, everything is sent off for processing on our end, and you don’t need to do anything more. Congratulations, your business has a safety net, and you can stop worrying about a potentially devastating lawsuit ruining everything you’ve created.

You have Liability Coverage. Now What?

Business general liability coverage can protect you from third-party lawsuits for injury and damages to someone’s person, property, or even reputation. But it doesn’t cover professional errors, employee injuries or discrimination suits, fraud, cyber theft, accidents with your work vehicle, or damage to your business property.

If there are other business risks that keep you up at night worrying, you may want to consider additional policies to fully protect your business investment. Combining additional business insurance policies to your general liability policy is not only a great way to further protect your business, it’s also an easy way to save on your premiums. Here are some other policies you may want to consider:

Workers' Comp: If you have employees, workers’ comp insurance benefits can pay for their medical expenses and missed wages if they are injured or become ill while working.

Professional Liability: Service professionals can protect themselves from the high costs of defending against third-party financial loss lawsuits with professional liability coverage.

Commercial Auto: If you, or any of your employees, drive a vehicle for business purposes, you may need commercial auto to cover your vehicles in case of an accident.

Commercial Property: Commercial property coverage is meant to protect the building that your business rents or owns, as well as the stuff inside it, in the event of a fire, theft, damage, or vandalism.

Cyber Liability: If you handle sensitive customer information, including Social Security numbers or credit cards, you could be a risk to a data breach or hack. Cyber liability may cover the costs of notifying customers, credit monitoring, or your defense against an identity theft lawsuit.

Business Interruption: Business interruption claims are generally more expensive than property damage claims. Business interruption coverage may cover the costs of inventory held-up across the country, or even business lost while you are spending time defending yourself against a lawsuit.

Whether it is a stand-alone commercial liability policy, or if commercial liability is just the foundation of your protection, getting this essential coverage is a quick, easy, and convenient process. Get your quote today, and you can be covered in no time at all.

Not sure exactly what policies your business needs? Check out our business insurance tool to get a quick, individualized assessment of the insurance policies that can best protect your business.

Smiling Female Contractor

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