General Liability Insurance
Protect Your Business
Commercial Liability Insurance
General liability, also known as “commercial liability insurance,” is a broad commercial insurance policy that covers general liability exposures of a business. Coverage typically includes product protection from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees.
Additional Liability Coverage
Take a look at the list below for coverages that you may want to consider.
Professional Liability Insurance (Errors & Omissions)
Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers, and technology companies.
Directors And Officers Insurance (D&O)
D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.
Employment Practices Liability Insurance (EPLI)
Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, you should consider this type of coverage.
What People Are Saying
FAQ
What does general liability insurance cover for a business?
General liability insurance, also called commercial liability insurance, covers a business against financial loss if it is held liable for property damage, bodily injury, or personal and advertising injury caused by its services, business operations, or employees.
Is general liability insurance required for businesses in Nebraska?
While Nebraska does not universally mandate general liability insurance for all businesses, many clients, landlords, and licensing bodies require proof of it before entering into contracts or leases. It is considered a foundational coverage for virtually any business.
What is the difference between general liability and professional liability insurance?
General liability covers physical and operational risks, such as a customer slipping in your store. Professional liability, also called Errors and Omissions (E&O), covers financial harm caused by mistakes, negligence, or failure to perform professional services correctly. Many businesses need both.
What is Directors and Officers (D&O) insurance and who needs it?
D&O insurance protects the directors and officers of a company from personal liability for negligent acts, omissions, or misleading statements that result in lawsuits. It is particularly important for corporations, nonprofits, and any organization with a formal leadership structure.
What is Employment Practices Liability Insurance and why should I have it?
Employment Practices Liability Insurance, or EPLI, covers employers against claims made by employees related to wrongful termination, discrimination, sexual harassment, and other alleged violations of employee rights. If you have any employees at all, this coverage is worth serious consideration.
Does general liability insurance cover damage caused by my employees while working at a client's location?
Yes, in most cases general liability insurance extends to cover property damage or bodily injury caused by your employees while performing work at a client’s or third party’s location, as long as it falls within the scope of your policy.
How much general liability coverage does a small business in Lincoln, NE typically need?
Coverage needs vary based on industry, business size, and risk exposure. An independent agent at Jeff Munns Agency can review your specific operations and help you determine appropriate limits, whether a basic policy is sufficient or whether additional coverages like E&O or EPLI are warranted.
Informational statements regarding insurance coverage are for general description purposes only. Read our disclaimer.
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