General Liability Insurance
Vital Protection for Your Colorado Business
Small business owners, general contractors, and one man operations, all face risk when it comes to business. The agents at Martin Insurance Group are here to help you manage that risk and make sure you have the protection you need. Having proper general liability insurance is just one important step in insuring your business correctly. We will work with you to discuss all the requirements and the breadth of coverage options available to make sure your policy works for you and your business.
General liability insurance is your safety net when lawsuits, accidents, and damage occur where your business could be held liable. Unfortunately today we live in a litigious society, and the risk of lawsuits is a very serious concern for the small business owner.
A typical general liability policy covers:
- Defense Costs
- Claims of Slander
- Medical Payments
- Bodily Injury
- Property Damage
In addition to the above exposures you may want to consider excess liability insurance or umbrella insurance. This extra coverage comes in handy should your business face costly court fees, lawyer fees, and payouts due to a lawsuit. While your general liability insurance will cover part of these costs, it is important to factor in extra coverage so you are fully protected financially. Underestimating these coverages could put your company at financial risk and affect the ability of your business to rebound from such expenses.
Errors and Omissions (E&O) Liability Insurance
Sometimes referred to as professional liability insurance, this coverage is usually intended for professions that provide advice especially licensed professions such as real estate agents, insurance agents, engineers, architects, doctors, lawyers, software developers and numerous other professionals that engage in consulting. Whereas general liability is intended to cover bodily injury or property damage, professional liability covers economic loss suffered by a third party due to an error, omission, or negligent act by the insured party.
Martin Insurance Group has been providing insurance education, quality service, and customized insurance solutions for small businesses in Colorado since 1999. We pride ourselves on being small business advocates and will work with you to determine a business package that insures your risks properly while also meeting your bottom line.
If you are ready to get started with a customized business package with Martin Insurance Group, or would just like to learn more information about general liability insurance, feel free to give us a call at 970-963-6161.