COMMERCIAL LIABILITY INSURANCE

No matter the size of your business, it’s vital to have professional and non-professional insurance coverage that protects your unique operation. At JD Fulwiler, we offer custom commercial liability insurance packages tailored to mitigate losses should your company become involved in the following circumstances: 

• Bodily injury and casualty
• Property damage
• Personal and advertising injuries 
• Legal defense costs
• And many other custom needs

Your hard work and foresight are the keys to business success. That’s why having the best commercial liability coverage is the appropriate solution for keeping your company growing should the unexpected happen. 

Contact our experienced and knowledgeable team to learn how the right insurance partner can help protect your assets and your business best. 

HOW COMMERCIAL LIABILITY INSURANCE WORKS 

Our insurance team works with businesses across the U.S. to design commercial liability coverage plans. Our plans aim to provide financial reimbursements where non-professional and professional liabilities lead to legal action. Still, we also offer custom insurance solutions built around more comprehensive conditions and individualized needs.

WHAT DOES COMMERCIAL LIABILITY INSURANCE COVER? 

It’s best to think of this insurance as a means of mitigating financial distress should your business be held legally liable for the examples below and other qualified instances.  

• Bodily injury: Coverage for medical expenses, legal defense costs, settlements, and judgments related to lawsuits against your company involving bodily injury. 
• Property damage: Commercial liability insurance may cover incidents where an employee causes property damage on or off site. 
• Personal and advertising injuries: Coverage in instances of libel, slander, or wrongful representations of your company, including copyright disputes and other advertised injuries. 
• Product and service dissatisfaction: Protection from product or service failures resulting in harm, damaged property, or lawsuits.
• Individualized needs: Plans that may reimburse a business for medical payments or legal defense costs under unique conditions.

THE ADVANTAGES OF COMMERCIAL LIABILITY INSURANCE

Most companies enroll in commercial liability insurance because it offers a potential safety net to mitigate financial losses under distinct circumstances. Below are the primary benefits of commercial liability insurance to illustrate why every company should carry a policy: 

• Adds financial protection
• Improves legal defense
• Enhances customer relationships 
• Mitigates liabilities 
• Protects assets from potential lawsuits
• Promotes better reputation management
• Fulfills contractual and compliance regulations

WHO SHOULD GET COMMERCIAL LIABILITY INSURANCE? 

Commercial liability insurance is crucial coverage for businesses across various industries. Businesses with low cash flow, companies that interact with the public, or workspaces with higher risks of bodily injury should definitely have a customized plan in place.

HOW MUCH DOES COMMERCIAL LIABILITY INSURANCE COST?

The cost of any insurance plan is influenced by factors such as the size of your business, its inherent risks, and various other stipulations assessed during the underwriting process. 

Schedule a consultation with our team today for precise cost estimates and appropriate coverage.