Business Liability Insurance
A commercial liability insurance policy of any kind is there to protect your company in the event of formal legal action or a third-party claim. In most cases, your commercial liability insurance will cover the cost of expenses that relate to your company’s legal defense against the claim, as well as monetary liabilities you may also incur.
As a local commercial insurance agency, there are two core types of business liability coverage we can provide:
- General Liability Insurance
- Product Liability Cover
Here, we explain a little more about each of these types of liability coverage for your business.
General Liability Insurance
Also known as CGL, Commercial General Liability coverage is a type of business liability insurance that gives your business coverage for third-party bodily injury, personal injury, any property damage that is caused by the business operations or products. It can also cover any injury to a third-party that occurs on the business premises.
This type of liability coverage can also be bought as part of a business owners policy, and while it is considered to be comprehensive business insurance, it does not cover all risks that a company can face. For other liabilities, such as sexual harassment or discrimination, you would need to buy a commercial insurance policy that gives you coverage for employment practices, such as EPLI.
Product Liability Insurance
Contrary to popular belief, it doesn’t matter whether you make a product yourself or not, you could still face legal action should you sell or distribute a product that is made by another company. Product liability coverage can help to pay the cost of legal expenses and compensation.
If a product or a component of any product was to cause an injury to a person or their property, then the retailer, distributor, supplier, or manufacturer could also be held liable. Having product liability coverage in place can safeguard your business should something go wrong.
Do you need to buy product liability insurance for your company?
If you sell, make, or distribute a product, then you should consider buying product liability coverage for your business. If a product you sell causes an injury or damage a person’s property, you are exposed to legal action.
Request a Business Liability Insurance Quote
Buying commercial liability insurance is essential for your personal and professional protection. With so many types of insurance to review, it’s easy to come unstuck or get overwhelmed by the details. As your local commercial insurance agent in Woburn, we offer a personalized service, and we build insurance packages that are tailored to your individual needs.
Why Choose Tanna Insurance?
We’ve been in business for over twenty years with industry experience of over forty. Here are just a few reasons why clients enjoy doing business with us.
- Trusted and well-established Insurance agent
- Independent, family-owned and operated business
- A dedicated team of insurance experts
- Personal attention and tailored insurance packages
- Access to many National & Regional companies
- Outstanding attention to client services
If you want to work with an insurance agent you can trust, the team at Tanna Insurance can help you protect your business, your people, and your assets.