Hello. I’m Ron Philleo with Philleo Agency Insurance. There’s lots of different types of business liability coverages. Today I’m going to go into some of the most common coverages, and check our website for future videos because we’ll go into more detail with some of these coverages I’m going to mention in future videos.
The most common one is general liability coverage. General liability is just that. It’s very general. It covers if people get injured because of your business activities or if you damage property due to your business activities. It’s a real important coverage. You want to make sure that’s on your policy.
There’s auto liability coverages. If you have vehicles out on the road or even if people are working on behalf of you and using their own vehicles, you want to make sure you have auto liability coverage or even an additional coverage called “higher denominal auto coverage.” Check our website because I’m going to go into more detail with higher denominal auto coverage on future videos.
There’s also errors and omissions coverage. That’s like a malpractice type policy. So, if you give someone some bad advice or you fail to do something that you were supposed to do and you get sued for an error or omission of your work, that protects you against that. That’s under the category of professional liability or malpractice type insurance.
There’s also work comp insurance. That’s coverage for if your employee gets injured on the job while they’re working on behalf on your business. Your workman’s compensation coverage covers that. We’re going to go into more details on work comp videos. So, check that as well.
There’s also product liability coverage. Product liability is your product fails to perform if somebody gets injured or a property is damaged in the result. Product liability will cover you with that.
There’s lots of different types of insurance. Make sure you talk to your agent or give us a call. I’d be happy to talk to you about your business and determine what coverages are right for your business.
But, make sure you talk to an agent that knows what they’re doing with business insurance because the coverages are very specialized and you don’t want to be left without the right coverage. After a claim, it’s just too late to add it.