General Liability Insurance in Dayton, OH
In the business world, accidents, mistakes and other unfortunate circumstances may be inevitable. Regardless of your company’s attention to detail or the diligence of its employees, you may eventually find yourself in situations where you are at fault for someone else’s losses. Fortunately, you can position your organization to endure these difficult times by prioritizing suitable loss control measures, such as general liability insurance.
What Does General Liability Insurance Cover?
Also known as commercial general liability insurance, this type of coverage is among the most common policies needed by businesses. Like many insurance products, general liability insurance coverage is a legal agreement between your company and its carrier. This allows you to submit a claim for financial assistance following covered incidents. If approved, resulting payouts could make all the difference in limiting out-of-pocket losses and costs.
General liability insurance typically can issue aid in response to the following third-party losses:
- Bodily injuries, as well as resulting medical costs and other financial losses
- Property damage, including repair or replacement costs
- Personal and advertising injuries, which may include slander, libel and false advertising
Your policy may assist with direct losses arising from the aforementioned incidents and legal expenses should you need to retain an attorney or pay settlements and judgments following lawsuits.
Is General Liability Insurance Worth it?
There’s a reason general liability insurance is among the most frequently purchased types of coverage in the commercial sector. These policies can provide versatile and robust financial security for organizations of all sizes and industries. Meanwhile, lacking suitable coverage could imperil your company’s financial stability, potentially allowing operations and future business plans to be derailed by even a single incident.
Where to Get General Liability Insurance
With over 25 years of experience serving the coverage needs of businesses, Universal Insurance Agency is well-equipped to help companies retain appropriate general liability coverage. Contact us today to learn more.