888-900-0205Vending Machine General Liability Insurance
Owning a vending machine operator business allows you to set your own schedule and work as little or as often as you’d like. As long as your customers are happy and your vending machines stay filled with a good selection of products, you’re able to earn a nice living while spending your time doing other things. Whether you operate your company personally or you let most tasks be handled by employees, you need to protect the assets you have by carrying general liability insurance for vending machine operators.
Bodily Injury Coverage
General liability insurance for vending machine operators helps protect your company if a customer is ever injured because of your machines. This coverage, known as bodily injury insurance, is the portion of your general liability policy that will pay for a customer’s medical expenses if they are injured at or because of your company.
Property Damage Coverage
Property damages protection is the portion of your general liability insurance that will protect you legally and financially when a customer’s personal property is damaged because of your company. If for example, one of your vending machines has an electrical short and causes a structure fire, this section of your vending machine operators general liability insurance will pay for the repairs.
Products And Completed Operations Coverage
Since you sell products from your vending machines, your company is at risk of being sued. If a product that you sell causes injuries or harm, or causes a customer to become ill, the products and completed operations section of your general liability policy will pay to help make them well again.
Personal And Advertising Injury
Personal and advertising injury coverage is the section of your vending machine operators general liability policy that protects you when allegations of harm are made, but the type of harm is not related to physical injuries or property damages. If, for example, one of your customers files legal allegations stating that you used their logo in your advertising without authorization, this part of your insurance policy will help pay for your legal expenses and settlements.
Damage To Premises Rented To You
When a business like yours rents the business space it uses, the owner of the structure that is rented often requires you to carry rental premises protection. You may, for example, maintain a small retail space to showcase your vending machine products or you may rent workshop space to perform maintenance on your machines. Your general liability insurance for vending machine operators will include coverage for damage to premises rented by you. If harm comes to the premises that you rent, this coverage will pay for the structural damages and repairs.
Medical Expense Limit
Sometimes a customer will be subjected to minor injuries on your business premises or because of your vending machines. Your general liability insurance may include medical expense limit coverage as a way for you to avoid being subjected to large legal actions or expensive settlements. Medical expense limit coverage allows for minor medical expenses to be paid without regard to whether your company is at fault for the accident.
Limits Of Liability Insurance
- Each Occurrence – General liability insurance for vending machine operators puts limits on the total amount of benefits that will be paid out to individual people for each claim occurrence.
- General Aggregate – General aggregate is the cumulative total of all individual occurrence benefits that have been paid out. Once your maximum policy aggregate is reached, it will not be able to pay for any more claims.