Pennsylvania General Liability Insurance – PA
Pennsylvania General liability insurance is must-have coverage to have for any businesses big or small.
This form of insurance shields your business against several claims stemming from harm to third parties or your customers.
The fact is that many businesses face some level of risk, which is why they require general liability insurance.
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This form of coverage can help shield your business against claims relevant to malpractice or bodily offenses.
General liability insurance in Pennsylvania is offered in several types of coverage, and the one you need will depend on the type of business you have.
For example, if you run a construction business, then you will opt for a higher level of general liability insurance coverage.
5 Big Reasons Why You Must Have General Liability Insurance in Pennsylvania
One of the several common questions business owners ask is do I really need general liability insurance? And the short answer is Yes!
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As a business founder, you should already know that growing any kind of business is already risky.
General liability insurance in Pennsylvania not only safeguards your business against claims stemming from injury and property damage, but also from any liabilities as a tenant if you are renting a space.
Further, it offers coverage for not only your business, but also your staff against claims originating from injury or property damage to third parties.
Apart from being an essential part of your business, here are 5 great reasons your business needs general liability insurance.
Workers’ Compensation Insurance in Pennsylvania
If you are a handy worker, you already should be aware of the cash you can give up if you fall ill.
As a handyman, you are not covered by government workers’ compensation perks, therefore you should have PA handyman insurance.
Research reveals that injuries to independent workers in Pennsylvania were on the rise by a whopping 12 percent.
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When you invest in Pennsylvania general liability insurance, you are shielded financially for medical costs related to the injury at the worksite.
Depending on the general liability insurance plan you select, you may also be eligible for pay for the days you are off work.
Third-Party Bodily Injury Protection
This is perhaps the most important reason to invest in general liability insurance in Pennsylvania.
If your company runs services that can cause damage to others including pets, then investing in general liability insurance should not be an option.
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One good example of this is PA dog walker insurance, which covers your pet sitting business if the dog causes injury to others.
Another example is when you are fixing your client’s drywall, and they fall over your tools, then you will be have to pay for their injury.
If you buy general liability insurance in Pennsylvania, your policy will pay for the fees of these claims.
Third-Party Property Damage
Another important reason to get general liability insurance in Pennsylvania is to shield 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 reimburse for the damages.
Depending on the cost of what you spoil, you may have to pay for these claims from your own savings, that is if you do not have a general liability insurance policy.
Pennsylvania General liability insurance can help cover your business against any lawsuits stemming from claims that you failed to deliver services as promised.
Things such as negligence 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 agent to check if they provide this type of insurance.
While general liability insurance protects your business against many different sorts of claims, professional liability insurance is more specific towards errors you make in your business services.
If you are manufacturing and selling merchandise under your own company, then it is important to have general liability insurance in Pennsylvania, 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 PA ecommerce insurance to better protect your interests.
Take, for example, your company is selling facial creams, and a customer has an allergic reaction to your offering, then general liability insurance can help cover costs if you get sued.
What is Not Protected Under General Liability Insurance?
Depending on the type of general liability insurance you choose, there are some things that may not be covered under your insurance policy.
The first thing that may not be shielded 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 storing several expensive tools in your truck or even at your client’s property.
If these tools do get stolen, you will have to get specialized general liability insurance.
In the event of theft of your personal property, your auto insurance policy will not replace these items against theft.
Another area where general liability insurance may not offer coverage is if you make glitches 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 are higher than your policy limit.
Different Kinds of General Liability Insurance
General liability insurance is an umbrella term for several types of insurances, most notably:
General Liability Insurance
Also known as CGL commercial liability insurance or BL kind of insurance shields your business against claims that cause bodily injury or property damage to others.
Furthermore, general liability insurance also covers your company against reputational harm or mistakes in your advertising.
Some examples of things general liability insurance will shield 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 stem from errors in the services you offer.
For example, if you are a chartered accountant that offers a client incorrect figures, and they sue you, professional liability insurance will cover the legal expenses.
If you give professional services to people, then you should as your insurance agency about professional liability insurance.
Employer Liability Insurance
If your organization has many staff, opting for employee liability insurance is a wise idea.
This type of insurance protects your employees against any injury they may experience at the work location.
Further, employer liability insurance can also cover disability benefits, missed wages, and funeral costs.
What is the Price of General Liability Insurance?
The cost for general liability insurance is different across insurance providers. It depends on many different factors including the kind of business you are handling.
For example, if you are running a roofing business, then the charge for your premiums will be more than other kinds of businesses, hence you should explore PA 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 landscaping categories.
You can save cash 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 company.
You should also minimize your business claims on your general liability insurance plan.
How to Find General Liability Insurance Companies in Pennsylvania?
When looking for the best general liability insurance provider in your city, it is important to check the agency’s reputation.
You should then determine your coverage limit, where the higher the 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 company’s risks for the right coverage limit.
But $1 million and $2 million are the most selected coverage limits of general liability insurance.