Georgia General Liability Insurance – GA
Georgia General liability insurance is crucial coverage to have for any businesses big or small.
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This type of insurance protects your business against different claims stemming from injury to third parties or your customers.
The fact is that all businesses face some form of risk, which is why they need general liability insurance.
This kind of coverage can help shield your business against claims pertaining to malpractice or bodily offenses.
General liability insurance in Georgia can be had in different types of coverage, and the one you require will depend on the form of business you have.
For example, if you run a construction business, then you will need a higher level of general liability insurance coverage.
5 Important Reasons Why You Require General Liability Insurance in Georgia
One of the several common questions business owners ask is do I really need to buy general liability insurance? And the short answer is Yes!
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As a business operator, you should already know that growing any type of business is already risky.
General liability insurance in Georgia not only covers your business against claims arising from injury and property damage, but also from any liabilities as a tenant if you are renting a space.
Further, it provides 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 should have general liability insurance.
Workers’ Compensation Insurance in Georgia
If you are a handyperson, you already are aware of the compensation you can lose if you fall ill.
As a handyperson, you are not covered by government workers’ compensation advantages, therefore you should have GA handyman insurance.
Research shows that injuries to independent workers in Georgia were increased by a whopping 12 percent.
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When you pay for Georgia general liability insurance, you are protected financially for medical costs related to the injury at the job.
Depending on the general liability insurance policy you choose, you may also be eligible for cash for the time you are off work.
Third-Party Bodily Injury Protection
This is perhaps the most crucial reason to buy general liability insurance in Georgia.
If your company runs services that can cause injury to others including pets, then buying general liability insurance should not be an option.
One great example of this is GA dog walker insurance, which protects your pet sitting business if the animal causes harm to others.
Another example is when you are fixing your client’s drywall, and they trip over your tools, then you will be liable for their injury.
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If you have general liability insurance in Georgia, your policy will pay for the costs of these claims.
Third-Party Property Damage
Another crucial reason to get general liability insurance in Georgia is to safeguard your business from third-party property damage.
For example, you are fixing your customer’s roof, and you mistakenly damage an expensive vase, then you will have to reimburse for the damages.
Depending on the cost of what you damage, you may have to pay for these claims from your own pockets, that is if you do not have a general liability insurance policy.
Georgia General liability insurance can help shield your business against any lawsuits arising from claims that you failed to deliver services as promised.
Things such as poor workmanship can be paid for under a general liability insurance policy.
General liability insurance can also oftentimes include professional liability insurance, so speak to your insurance agency to check if they give this type of insurance.
While general liability insurance covers your business against many different kinds of claims, professional liability insurance is more specific towards errors you make in your business services.
If you are manufacturing and selling products under your own brand, then it is important to have general liability insurance in Georgia, and here is why!
If a client claims bodily harm due to the use of your establishment’s products, then general liability insurance will protect you against these sorts of claims.
And if you sell your products via your website, then it is a good idea to check out GA eCommerce insurance to better shield your interests.
Take, for example, your organization is selling facial creams, and a client 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 kind of general liability insurance you choose, there are some things that may not be covered under your insurance terms.
The first thing that may not be covered is against incidents not related to your services. Employee illnesses may also not be covered under your general liability insurance policy.
As a business, you may be hauling several expensive tools in your truck or even at your client’s property.
If these things do get stolen, you will need specialized general liability insurance.
In the event of theft of your personal tools, your truck insurance policy will not cover these things against theft.
Another area where general liability insurance may not offer compensation is if you make errors in your services.
When getting general liability insurance, you should choose your coverage limit wisely. Because your general liability insurance policy will not pay costs that exceed your policy limit.
Different Forms of General Liability Insurance
General liability insurance is a broad term for myriad types of insurances, most notably:
General Liability Insurance
Also known as CGL commercial liability insurance or BL kind of insurance covers your business against claims that cause bodily injury or property damage to third parties.
Furthermore, general liability insurance also covers your company 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 dubbed as errors and omissions insurance, professional liability insurance comes claims against your entity that originate from errors in the services you provide.
For example, if you are a financial specialist that provides a client with incorrect figures, and they sue you, professional liability insurance will cover the legal expenses.
If you provide professional services to people, then you should as your insurance company about professional liability insurance.
Employer Liability Insurance
If your business has several employees, opting for employee liability insurance is a great idea.
This type of insurance shields your workers against any injury they may experience at the work location.
Furthermore, employer liability insurance can also pay for disability benefits, missed wages, and funeral costs.
What is the Price of General Liability Insurance?
The price for general liability insurance varies across insurance providers. It depends on several different factors including the sort of business you are running.
For example, if you are running a construction business, then the cost for your premiums will be higher than other types of businesses, hence you should check out GA 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 businesses can expect to pay higher premiums such as construction categories.
You can save funds if you pay for your insurance policy in full annually.
Furthermore, you can also save funds on your general liability insurance policy if you group all your policies under one insurance company.
You should also minimize your business claims on your general liability insurance plan.
How to Find General Liability Insurance Companies in Georgia?
When searching for the best general liability insurance provider in your city, it is important to check the company’s reputation.
You should then determine your coverage limit, where the higher the insurance coverage, the higher the charge of premiums.
But it is very important that you select 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 organization’s risks for the right coverage limit.
But $1 million and $2 million are the most common coverage limits of general liability insurance.