Orlando, Fla.—A general liability insurance policy protects your business from a variety of possible claims. For example, the average cost of a slip and fall claim is $20,000. Facing a lawsuit associated to damage of reputation could leave you facing an average of $50,000 in costs.  For some small and medium sized operations, not having the coverage of a general liability insurance it could mean the difference between continuity or being put out of business.

Unfortunately for every Florida business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.

General Liability pays losses arising from real or alleged bodily injury, property damage, or personal injury on your business premises or arising from your operations.

Broad Range of General Liability Protection

• Bodily Injury, including the cost of care, the loss of services, and the restitution for any death that results from injury.
• Property Damage coverage for the physical damage to property of others or the loss of use of that property.
• Products-Completed Operations provides liability protection (damages and legal expenses up to your policy's limit) if an injury ever resulted from something your company made or service your company provided.
• Products Liability is a more specialized product liability insurance that protects your company against lawsuits from product-related injury or accidents.
• Contractual Liability extends to any liability you may assume by entering into a variety of contracts.
• Other coverage includes: Reasonable Use of Force; Borrowed Equipment; Liquor Liability; Non-Owned Vehicles (such as aircraft and watercraft); Fire, Lightning or Explosion Damage; Water Damage Liability Protection; Legal Defense Costs; Medical Payments; Personal Injury; Advertising Injury; and specialized liability protection for specific business types.

Not having general liability insurance puts your business at financial risk for a number of liability claims. And you may lose clients because they won’t do business with you if you don’t have general liability insurance. In some cases you may even need to show proof of your insurance. A certificate of insurance is an official document that lists all the coverage types and limits on an insurance policy and you can  share with your clients when needed.

Most small businesses choose standard coverage amounts of $1 million per occurrence and a $2 million aggregate policy limit for their general liability insurance coverage. This type of policy will pay up to $1 million to cover a single general liability insurance claim with a $2 million limit for the policy period, which is typically one year.

At Garzor Insurance our experienced professionals are dedicated to providing commercial insurance, including business general liability coverage in Florida as well as Georgia, Texas, and now many other states across the U.S.A. If you have questions about business insurance, or any other commercial insurance aspects, please do not hesitate to visit us online at Garzor Insurance, or you may want to call us directly at (321) 206-8035. 

Mariana Morante

Licensed Insurance Agent