Business General Liability Insurance In Raleigh, NC

Experienced – Knowledgeable – Helpful

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The Basics of Business General Liability Insurance

Everything You Need To Know to Get Started

Business General Liability Insurance in Raleigh, North Carolina, protects a business from general liability claims, including bodily injury, property damage to your space or a rented space, reputational harm, and advertising injuries. You may also hear this coverage called commercial business liability insurance or general liability coverage. It is important to note that this plan covers public liability claims and is typically used in accordance with other types of business coverage, such as worker’s compensation for employee injury or lost income coverage if your business needs to shut down for a covered claim. 

In insurance, the term liability describes the insured’s culpability or negligence in an accident, and they’re being held accountable. Therefore, the purpose of this policy is to provide security against lawsuits. While not all-encompassing, general liability insurance is a type of coverage that every business should have because it covers everyday business operations, how clients interact with your product or service, and your company’s reputation in advertisements and the media.

Are You Covered?

The Coverage You Need, When You Need It Most

Not every insurance policy is the same– especially regarding business coverage. Business general liability insurance is a general policy that covers a multitude of specific situations. Understanding your liability insurance inside and out is the first step to finding security in your coverage.

Most commercial business liability policies have five main sectors of coverage: bodily injury, property damage, reputational harm, advertising injuries, and damages to a rented space. Let’s take a deeper look into these categories of protection to understand your liability coverage better.

Not to be confused with worker’s compensation or employee coverage, this part of the policy is for clients who injure themselves in your establishment or for customers harmed by your products through no fault of their own.

The type of property damage covered by business general liability insurance policies relates to your customer’s property. For example, sometimes employees or delivery drivers damage property during service, and this policy will cover that cost so that you do not have to.

Reputational claims are all about preserving your company’s reputation. A general liability claim usually covers slander, defamation, malicious prosecution, privacy policy violations, and wrongful eviction from your commercial space. The business world is often very competitive, so having an agency to protect your reputation is priceless.

Advertising injury claims cover damage done to another company or brand while advertising a product or service. The most common suit filed under this category of protection is copyright infringement. It is a severe offense but not always intentional, so general liability insurance can ensure it does not ruin your company.

As the name implies, damages to rented space coverage is intended to cover damages incurred to a space during your operations. Damage to rented spaces only covers property damage if you, the business owner, do not also own the space itself, thus the name. Most policies come with a list of risks and perils, including fire or lightning damage, that they will cover the costs of repairing.

As you can see, general liability insurance has the potential to guard you against serious financial risks. However, we should emphasize again that this type of insurance does not cover employees, auto accidents, cyber breaches, or personal property. You must add additional coverage to receive these benefits.

Still, you are on the right track to protect your company and those who work for you. For more information about coverage specific to your business, connect with a trusted Barber Insurance agent.

Man with a knee injury

Business General Liability Insurance FAQ

Find What You are Looking For

Who Needs It?

It is easy to decide you don’t need liability insurance as a small company and that it is only necessary for large companies. However, consider what would happen if you were to need it. Some claims are minor and do not need support; others are large and can quickly sink a business with insecure funds. Depending on your operations, risks, and potential coverage needs, general liability may be the right choice for you.

How Much Coverage Do I Need?

Coverage depends on the size of your business and the risks associated. For example, HVAC companies may need more coverage because of the potential damage, while a flower shop owner may need less. The important thing is to have an insurance agent you can trust to help you understand your coverage needs and guide you towards the right policy.

How Much Does It Cost?

This depends entirely on your business and how much coverage you need. Each policy is as unique as its holder, so you will need to get a quote to find out exactly how much it is going to cost. The best way to get an estimate is by speaking directly with a trusted Barber Insurance agent, who can help you move through the quote process.

What Determines My Premium?

Many factors play into your premium, so it is always best to speak with a Barber Insurance agent directly. However, a few factors are more common than others, including:

  • Size of company
  • Number of employees
  • Annual revenue and payroll
  • Claim history
  • Level of coverage needed
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Experienced – Knowledgeable – Helpful

Coverage The Barber Insurance Way

As residents of Wake County, Barber Insurance has served the Raleigh-Durham, North Carolina, community for more than 20 years. As a result, we are uniquely qualified to meet your business needs because we are acutely aware of what is needed to succeed in this area. However, we do not stop there. We go on to meet those needs in the most efficient way possible, meaning we only sleep once we have found the right policies at the price that fits your budget.

The average experience of a Barber Insurance agent is 20 years. We have made it our life’s mission to provide great rates and excellent customer service to organizations like yours. We are known in the community as experienced, knowledgeable, and helpful because we value education over making a sale. With the heart of teachers, we ensure that all of our partners know what they are paying for and how it benefits them.

Locating great business general liability insurance is often more complicated than we would like, but it does not have to be. Connect with a Barber Insurance agent today to experience dependable coverage.