What Are Common Liability Coverages?
There are several areas of possible liability your policy will protect you against:
Bodily Injury: This section of the policy covers costs related to medical care, court-ordered compensation and/or loss of services as a result of any injuries to another.
Property Damage: Sometimes an action your business takes (or fails to take) can cause damage to and/or loss of the ability to use another’s property. Property damage liability will pay out if this happens.
Products/Completed Ops: If a garage door is found to be defective after it is installed or the workmanship turns out to be poor and causes damages, your GL policy will take care of it.
Medical Payments: Expenses to minor injuries will be addressed in this section. It is set with lower limits to avoid a major liability claim on the bodily injury portion of the policy.
Personal/Advertising Damages: This will cover any claims arising from being sued for libel, slander, copyright infringement or related actions.
Damage to Premises That You Rent: If your business causes any damage to any space you rent or lease this policy section will pay for them.