Business and General Liability Insurance

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In today's litigious society, even small accidents can result in potentially large lawsuits. That's why general liability insurance is essential for most companies. Liability insurance protects the assets of a business when it is sued for something it did to cause an injury or property damage.

How General Liability Works...

Under a general liability insurance policy, the insurer is obligated to pay the legal costs of a business in a covered liability claim or lawsuit. Put in simple terms, general liability insurance covers your legal costs should you be sued. Covered liability claims include bodily injury, property damage, personal injury, and advertising injury (damage from slander or false advertising). The insurance company also covers compensatory and general damages. Punitive damages aren't covered under general liability insurance policies because they're considered to be punishment for intentional acts.

General liability insurance policies always state a maximum amount that the insurer will pay during the policy period.

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 Usually these policies also list the maximum amount the insurer will pay per occurrence. For example, if a company has a $1 million occurrence cap in its liability policy and it's successfully sued for $1.5 million, the insurer would pay $1 million and the business would be responsible for paying $500,000.

To cover these types of situations, many companies purchase umbrella liability insurance, which picks up where their general liability coverage ends. Umbrella liability covers payments that exceed their other policy's limits. Umbrella liability can also extend to your commercial auto liability coverage as well as your workers compensation coverage.

We can provide your business with a full line of coverage including

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  • Property
  • Commercial Automobile
  • Workers Compensation
  • General Liability
  • Garage Keepers
  • Inland Marine
  • E & O
  • Bonds
  • EPLI
  • And More!

Taking precautions before an accident can help keep your liability and insurance rates down. All businesses can take certain steps to lower the chance of a liability insurance claim.

Terry Hayes Insurance Agency provides insurance programs for a wide variety of businesses. We understand that your business is unique and personal to you. We will garner a full understanding of what you do and the services you provide to develop an insurance program that fits you and your needs. We proudly serve the Sacramento, Roseville, Orangevale and Folsom areas.

Terry Hayes Insurance Agency
CA Lic# - 0D62017      9266 Madison Avenue, Orangevale, CA 95662       Phone 916-988-2402