Alabama General Liability Insurance – AL

Alabama General liability insurance is must-have coverage to have for all businesses big or small.

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This form of insurance shields your business against different claims stemming from harm to third parties or your customers.

The fact is that most businesses face some form of risk, which is why they require general liability insurance.

This type of coverage can help protect your business against claims related to malpractice or bodily injury.

General liability insurance in Alabama is offered in different types of coverage, and the one you must have will depend on the form of business you run.

For example, if you operate a construction business, then you will need a higher level of general liability insurance coverage.

Alabama General liability insurance

5 Key Reasons Why You Need General Liability Insurance in Alabama

One of the many common questions business owners ask is do I really require general liability insurance? And the short answer is Yes!

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As a business founder, you should already know that operating any kind of business is already risky.

General liability insurance in Alabama not only covers your business against claims stemming from injury and property damage but also from any claims as a tenant if you are renting a space.

Further, it offers coverage for not only your business but also your staff against claims resulting from injury or property damage to third parties.

Apart from being an important part of your business, here are 5 key reasons your business requires general liability insurance.

Workers’ Compensation Insurance in Alabama

If you are a handyperson, you already know about the cash you can miss if you fall ill.

As a handyperson, you are not covered by government workers’ compensation advantages, therefore you should explore AL handyman insurance.

Research shows that injuries to independent workers in Alabama were increased by a whopping 12 percent.

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When you buy Alabama general liability insurance, you are shielded financially for medical costs related to the injury at the job.

Depending on the general liability insurance coverage you select, you may also be eligible for compensation for the weeks you are off work.

Third-Party Bodily Injury Protection

This is perhaps the most crucial reason to invest in general liability insurance in Alabama.

If your company provides services that can cause damage to others including clients, then getting general liability insurance should not be an option.

One excellent example of this is AL dog walker insurance, which shields your pet sitting business if the dog causes injury to others.

Another example is when you are repairing your client’s drywall, and they slip over your tools, then you will be accountable for their injury.

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If you have general liability insurance in Alabama, your policy will pay for the penalties of these claims.

Third-Party Property Damage

Another significant reason to get general liability insurance in Alabama is to safeguard your business from third-party property damage.

For example, you are restoring your customer’s roof, and you mistakenly damage an expensive vase, then you will have to pay for the damages.

Depending on the cost of what you break, you may have to pay for these claims from your own savings, that is if you do not have general liability insurance coverage.

Advertising Damages

Alabama General liability insurance can help cover your business against any lawsuits stemming from claims that you poorly deliver services as promised.

Things such as negligence can be included under a general liability insurance policy.

General liability insurance can also oftentimes include professional liability insurance, so speak to your insurance provider to check if they provide this kind of insurance.

While general liability insurance covers your business against many different kinds of claims, professional liability insurance is more geared towards errors you make in your business services.

Product Liability

If you are manufacturing and selling things under your own label, then it is important to have general liability insurance in Alabama, and here is why!

If a person claims bodily injury due to the use of your establishment’s products, then general liability insurance will shield you against these types of claims.

And if you sell your products via your website, then it is a great idea to check out AL ecommerce insurance to better safeguard your interests.

Take, for example, your organization is selling facial creams, and a person has an allergic reaction to your product, then general liability insurance can help cover costs if you get sued.

What is Not Covered Under General Liability Insurance?

Depending on the coverage of general liability insurance you choose, there are certain things that may not be covered under your insurance terms.

The first thing that may not be protected is against incidents not related to your services. Employee injuries may also not be covered under your general liability insurance terms.

As a business, you may be hauling several expensive tools in your vehicle or even at your customer’s property.

If these things do get stolen, you will have to get specialized general liability insurance.

In the incident of theft of your personal tools, your truck insurance policy will not protect these tools against theft.

Another area where general liability insurance may not offer protection is if you make glitches in your services.

When getting general liability insurance, you should select your coverage limit wisely. Because your general liability insurance policy will not give costs that are higher than your policy limit.

Different Forms of General Liability Insurance

General liability insurance is a widely used term for myriad types of insurances, most notably:

General Liability Insurance

Also known as CGL commercial liability insurance or BL business liability insurance, this (type of insurance protects your business against claims that cause bodily injury or property damage to someone else.

Adding to this, general liability insurance also covers your business against reputational harm or errors in your advertising.

Some examples of things general liability insurance will cover your business against include property damage, advertising errors, and reputational harm.

Professional Liability Insurance PL

Also referred to as errors and omissions insurance, professional liability insurance comes claims against your business that originate from errors in the services you offer.

For example, if you are a financial broker that provides a client with wrong figures, and they sue you, professional liability insurance will provide the legal expenses.

If you offer professional services to people, then you should as your insurance agency about professional liability insurance.

Employer Liability Insurance

If your company has many staff, opting for employee liability insurance is a great idea.

This kind of insurance covers your workers against any injury they may experience at the work location.

Additionally, employer liability insurance can also provide disability benefits, missed wages, and funeral costs.

What is the Charge of General Liability Insurance?

The price for general liability insurance changes across insurance providers. It depends on several different factors including the sort of business you are operating.

For example, if you are running a roofing business, then the charge for your premiums will be higher than other kinds of businesses, hence you should explore AL roofing insurance.

But to give you a ballpark idea, general liability insurance costs $40 per month, but a little lower if you choose to pay annually.

High-risk industries can expect to pay higher premiums such as construction categories.

You can save funds if you pay for your insurance contract in full annually.

Further, you can also save funds on your general liability insurance policy if you bundle all your policies under one insurance agency.

You should also minimize your organization’s claims on your general liability insurance plan.

How to Find General Liability Insurance Companies in Alabama?

When looking for the best general liability insurance provider in your city, it is important to check the agency’s reputation.

You should then select your coverage limit, where the higher the limit, the higher the charge of premiums.

But it is very important that you opt for the right amount of coverage.

If you are unclear about the coverage limit you need, speak to your general liability insurance company to help evaluate your company’s risks for the right coverage limit.

But $1 million and $2 million are the most common coverage limits of general liability insurance.