Commercial Liability Insurance is the primary key to most Arizona insurances we think about for both personal and commercial. In this way, protecting ourselves from lawsuits is the most important issue we face. Accidents and mistakes happen. Commercial Liability protects you in the case this brings a suit to you.
As known, no two businesses are the same. With the new “BOP” packages used in the market today, we can customize the coverages to meet each industry’s needs.
A commercial umbrella policy acts as a secondary line of defense if your base liability insurance limits are used up in the suit against you. It can also fill some of the gray areas that may be vague and left out by primary coverage.
Cyber liability is a new hot product for the insurance industry and part of commercial liability insurance. With the internet and internet commerce growing exponentially so does the risk to have data attacked, held hostage, and stolen. Therefore, as a business owner, it is deemed your responsibility to keep your clients information safe. This product will help to protect you if somehow you are hacked and must restore your security and the damage caused to you and your clients.
Directors & Officers liability protection
As a director or and officer you are held responsible to the prudent man theory and if your decisions are not deemed to have been prudent you will be open to suit and required to indemnify the harmed parties. This can occur from an error, an omission, or a bad judgment.
Employment Practices Liability
EPLI is another part of commercial liability insurance. It covers you as an employer for those items dealing with discrimination and harassment. This is one of the most prominent employment issues of the day. Therefore, more and more employees are opening up cases true or false against employers. The cost of defense is often as expensive as the remedy. To clarify, make sure you do not have to pay either settlement costs or defense costs out of your own pocket.
Errors & Omissions
Also referred to as Professional Liability Insurance covers a professional for work done in the process of the special duties their job requires. Doctors, lawyers, accountants, insurance agents are just a few of those that provide specialty services to clients that would not otherwise be covered by the standard general liability policy.
General Liability Insurance – it is the main part of commercial liability insurance
This is the most common policy available. This policy protects you as a business organization against bodily injury and property damage on a property, also personal injury, that can come from business operations.
Manufacturers and service industries have an obligation to deliver a quality work product to the people. Failed products or training to use the product can open the suit of a product liability claim. As a result, this coverage will give you the cost of defense as well as final settlement protection.
If you’d like to learn more about commercial insurance, please, visit the Insurance Information Institute website. They provide a breadth of educational material to help increase public understanding of business insurance. Also, you can find useful information on our webpage FAQ Commercial Insurance.
Request a free Commercial Liability Insurance Arizona quote for your business in the Buckeye AZ and Phoenix AZ area, also including Apache Junction, Avondale, Benson, Bisbee, Bullhead City. Also, Camp Verde, Carefree, Casa Grande, Cave Creek, Chandler, Chino Valley, Clarkdale, Clifton, Colorado City, Coolidge, Cottonwood. Dewey-Humboldt, Douglas, Duncan, Eagar, El Mirage, Eloy, Flagstaff, Florence, Fountain Hills, Fredonia, Gila Bend, Gilbert. Glendale, Globe, Goodyear, Guadalupe, Hayden, Holbrook, Huachuca City, Jerome, Kearny, Kingman, Lake Havasu City, Litchfield Park. Mammoth, Marana, Maricopa, Mesa, Miami, Nogales, Oro Valley, Page, Paradise Valley, Parker, Patagonia, Payson, Peoria. Pima, Pinetop-Lakeside, Prescott, Prescott Valley, Quartzsite, Queen Creek, Safford, Sahuarita, San Luis, Scottsdale, Sedona, Show Low. Sierra Vista, Snowflake, Somerton, South Tucson, Springerville, St. Johns, Star Valley, Superior, Surprise, Taylor, Tempe. Thatcher, Tolleson, Tombstone, Tucson, Tusayan, Wellton, Wickenburg, Willcox, Williams, Winkelman, Winslow, Youngtown, Yuma