What does General Liability Insurance cover?

General Liability Insurance protects you by paying for medical bills, property damage or personal injury for which your business is found liable, up to the policy limits, as well as attorneys’ fees and other legal defense expenses.

If you are renting property for your business, General Liability Insurance can also protect you and your business against any liability for damage to the rented property such as by fire or other covered loss.

Some examples of claims covered by General Liability Insurance are:

Bodily injury: A customer trips and falls on a wet floor in your place of business. You are legally responsible for any physical injuries they may suffer as a result of the fall. General Liability Insurance covers their related medical expenses up to your policy’s limits of liability.

Property damage: You are visiting a client and accidently spill coffee on their computer resulting in damage to the computer and a loss of data that will take many hours to replace or replicate. General Liability Insurance will cover the subsequent claim up to your policy’s limits of liability.

Personal injury: One of your employees is visiting a customer at their place of business. Your employee makes small talk about another one of your customers and says something false and very unflattering about them. The other customer learns about this and sues your business for slander. General Liability Insurance will cover the subsequent claim up to your policy’s limits of liability and if necessary even pay for an attorney to defend you.

Any business can be sued and General Liability Insurance is the minimum protection any business should have to protect you, your business, your family and assets from legal actions against your business.

To make sure that your business is adequately protected from potential claims for which you are legally liable, contact the Commercial Liability Insurance Specialists at Bowles & Associates, Inc.

Who should buy Builder’s Risk Insurance?

Custom homebuilders, general contractors and even property owners can purchase Builder’s Risk Insurance to protect personal or business projects under construction.  Builder’s Risk Insurance coverage may be necessary to show proof of insurance to comply with local city, county and state building codes. Builder’s Risk Insurance is often required as a condition to many contracts.

Although Builder’s Risk Insurance can be purchased by the contractor, it is often safer for the property owner to obtain the builder’s risk policy. The property owner already owns the building, even while it is under construction, so if damage to the building occurs, they should be the beneficiary and control how the payment from a claim is spent.

Our Builders Risk Insurance policies are designed to meet the needs of residential and commercial customers for any construction project type and size. If you are a property owner or contractor preparing to begin a new construction or renovation project in the New Orleans area, contact us for a free consultation regarding your insurance coverage. The business insurance specialists at Bowles & Associates, Inc. can help ensure the proper coverage and limits of a Builders Risk Insurance policy are in place for your construction project.