Business Liability Insurance in Guntersville, Huntsville, Madison and Boaz.
Also serving Alabama, AR, FL, GA, IL, KY, LA, MS, NV, NC, SC, TN, TX and VA.
Operating a business is involving enough without having to concern yourself with the possibility of legal action that may result from accidents or circumstances beyond your control. Business Liability Insurance provides your company with security in these situations and more by helping to cover the cost of legal fees, damages, and medical payments for which you are responsible.
There is no sense in letting a lawsuit threaten your company by being unprepared. Having the right Liability Insurance policy means preserving the investment you’ve made in your business. Commercial Liability can be purchased as a standalone or as part of a Business Owners Policy. Speak to one of our agents today to find out which option is right for you.
Businesses of all shapes and sizes must have liability insurance to protect themselves adequately. Commercial general liability insurance can help protect your business from damages related to property damage or bodily injury for which you are found to be legally liable.
The agents at Woodall & Hoggle Insurance Agency Inc. are here to help you navigate your business’s insurance needs and find the general liability insurance policy that’s right for you. Give us a call today to get started.
Who Needs Business Liability Insurance?
Every business needs general liability insurance as accidents can happen at any place at any time in the most unexpected ways. A lawsuit can destroy a company that isn’t adequately protected. General liability insurance can assist in lifting the financial burden that is often caused by unforeseen accidents in the workplace.
What Does General Liability Insurance Cover?
General liability insurance covers three main areas.
Bodily Injury: This covers medical expenses and legal fees related to a third-party injury on the property.
Property Damage: This covers incidents of property damage that occur out of everyday business activity.
Personal/Advertising Injury: This covers personal and advertising injuries such as libel, slander, copyright infringement and invasion of privacy.
How Much General Liability Insurance Do I Need?
The amount of coverage that your business needs depends on three factors: perceived risk, where you operate your business and the type of products you manufacture.
Perceived risk: You should consider the amount of risk associated with your business operations and functions. For instance, if you manufacture heavy machinery, you would generally need more coverage than another organization that manufactures stuffed animals.
Premises and operations liability: If you operate in a state that has a reputation for rewarding high damages, then you may wish to purchase increased limits of liability.
Type of product manufactured: If you manufacture a dangerous product, you may want to carry higher limits of liability.
Remember, you can purchase an umbrella liability policy to help achieve the desired limit of liability.
How Much Does General Liability Insurance Cost for a Business?
The price of general liability insurance may vary based on the location, size of the business, the claims history and industry, the deductible and applicable coverage limits. An agent at Woodall & Hoggle Insurance Agency Inc. can help you find the policy that meets your insurance and budgetary needs.
Beyond General Liability
Liability Insurance is important for all businesses, regardless of industry. At Woodall & Hoggle Insurance Agency, we are able to address the needs of companies in a number of specializations. We take the time to assess the unique requirements of each business we work with whether it’s an individual contractor, a small legal firm, or a large company producing consumer products.
We work with some of the top carriers in the industry to build your policy while taking into account your industry, the scope of your operation, the number of employees you have, and more. A proper insurance plan will allow you to stay focused on keeping your business running smoothly, and provides a safety net for when it doesn’t.
Contact Woodall & Hoggle Insurance Agency at (256) 539-5307 or fill out a quote.