Kansas General Liability Insurance – KS
Kansas General liability insurance is crucial coverage to have for any businesses big or small.
This kind of insurance covers your business against different claims stemming from harm to third parties or your customers.
The fact is that many businesses face some type of risk, which is why they need general liability insurance.
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This kind of coverage can help protect your business against claims relevant to malpractice or bodily injury.
General liability insurance in Kansas is available in many types of coverage, and the one you must have will depend on the kind of business you have.
For example, if you run a construction business, then you will require a higher level of general liability insurance coverage.
5 Important Reasons Why You Require General Liability Insurance in Kansas
One of the most 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 Kansas not only protects your business against claims stemming from injury and property damage, but also from any liabilities as a tenant if you are renting a place.
Further, it extends coverage for not only your business, but also your coworkers against claims resulting from injury or property damage to third parties.
Apart from being an essential part of your business, here are 5 great reasons your business requires general liability insurance.
Workers’ Compensation Insurance in Kansas
If you are a handyman, you already should be aware of the cash you can miss if you fall ill.
As a handyworker, you are not shielded by government workers’ compensation benefits, therefore you should explore KS handyman insurance.
Research shows that injuries to independent workers in Kansas were up by a whopping 12 percent.
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When you buy Kansas general liability insurance, you are covered financially for medical costs related to the injury at the job.
Depending on the general liability insurance policy you select, you may also be eligible for pay for the time you are off work.
Third-Party Bodily Injury Protection
This is perhaps the biggest reason to buy general liability insurance in Kansas.
If your company provides services that can cause damage to others including clients, then investing in general liability insurance should not be an option.
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One excellent example of this is KS dog walker insurance, which shields your pet sitting business if the pet causes hurt to others.
Another example is when you are restoring your client’s drywall, and they slip over your tools, then you will be accountable for their injury.
If you buy general liability insurance in Kansas, your policy will pay for the penalties of these claims.
Third-Party Property Damage
Another important reason to get general liability insurance in Kansas is to protect your business from third-party property damage.
For example, you are repairing your customer’s roof, and you mistakenly spoil an expensive vase, then you will have to compensate for the damages.
Depending on the cost of what you damage, you may have to pay for these claims from your own cash, that is if you do not have general liability insurance coverage.
Kansas General liability insurance can help protect your business against any lawsuits originating from claims that you did not deliver services as promised.
Things such as inaccurate advice can be paid for under a general liability insurance policy.
General liability insurance can also mostly include professional liability insurance, so speak to your insurance agency to check if they offer this type of insurance.
While general liability insurance shields your business against myriad different kinds of claims, professional liability insurance is more geared towards errors you make in your business services.
If you are manufacturing and selling merchandise under your own company, then it is crucial to have general liability insurance in Kansas, and here is why!
If a person claims bodily hurt 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 online, then it is a smart idea to check out KS 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 cream, then general liability insurance can help cover costs if you get sued.
What is Not Shielded Under General Liability Insurance?
Depending on the type of general liability insurance you choose, there are few things that may not be covered under your insurance terms.
The first thing that may not be covered is against lawsuits 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 customer’s property.
If these accessories do get stolen, you will have to get specialized general liability insurance.
In the event of theft of your personal tools, your auto insurance policy will not cover these tools 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 select 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 an umbrella term for many types of insurances, most notably:
General Liability Insurance
Also known as CGL commercial liability insurance or BL kind 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 mistakes in your advertising.
Certain examples of things general liability insurance will cover your business against include property damage, advertising errors, and reputational harm.
Professional Liability Insurance PL
Also known as errors and omissions insurance, professional liability insurance comes claims against your company that originate from errors in the services you offer.
For example, if you are a chartered accountant that provides a client with erroneous figures, and they sue you, professional liability insurance will cover the legal expenses.
If you give professional services to customers, then you should as your insurance agency about professional liability insurance.
Employer Liability Insurance
If your organization has many workers, opting for employee liability insurance is a wise idea.
This form of insurance shields your workers against any injury they may sustain at the workplace.
Furthermore, employer liability insurance can also pay for disability benefits, missed wages, and funeral costs.
What is the Price of General Liability Insurance?
The charge for general liability insurance changes across insurance providers. It depends on several different factors including the type of business you are handling.
For example, if you are running a drywall business, then the charge for your premiums will be higher than other kinds of businesses, hence you should explore KS roofing insurance.
But to give you an approximate idea, general liability insurance costs $40 per month, but a little lower if you opt to pay annually.
High-risk companies can expect to pay higher premiums such as contracting categories.
You can save funds if you pay for your insurance plan in full annually.
Additionally, 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 policy.
How to Locate General Liability Insurance Companies in Kansas?
When searching for the best general liability insurance provider in your area, it is important to check the organization’s reputation.
You should then select your coverage limit, where the higher the coverage, the higher the cost of premiums.
But it is critically important that you select the right amount of coverage.
If you are unsure about the coverage limit you need, speak to your general liability insurance provider to help evaluate your business risks for the right coverage limit.
But $1 million and $2 million are the most chosen coverage limits of general liability insurance.