General liability insurance, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. White Slate Insurance recommends that all businesses have general liability coverage in place.
What you need to know about commercial liability insurance
Businesses are susceptible to many risks, such as bodily injury, property damage of others, personal injury and more. Consequently, General liability insurance is an absolute necessity for any business. It provides broad coverage when you are deemed responsible and liable and will also pay to defend any covered lawsuit or action regardless of its merit.
The internet has spun a whole new “web” of liability exposures and the web is always growing. E-commerce, social networking, “cloud” storage and other technologies bring great benefits to large and small businesses alike. With these benefits also come challenges, including protection of privacy, data and financial information of your customers.
Cyber Liability coverage covers unauthorized access to electronic data or software within your network. It also provides coverage for spreading a virus, computer theft, extortion, or any unintentional act, mistake, error, or omission made by an employee.
Not all Cyber Liability policies are created equal. Unlike auto insurance that has standard coverages, cyber is newer to the insurance and each insurance company has their own policy coverages and language. Fortunately, we are here to help you understand what your business needs when it comes to cyber liability insurance! This is one of the biggest liabilities businesses face today. Reach out to us and let us guide you at 817-809-4522 or CONTACT US HERE!
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. White Slate Insurance recommends that all professional and technology companies have E&O coverage.
Employment Practices Liability Insurance
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, White Slate Insurance recommends considering this type of coverage.
Directors and Officers Insurance
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.
Could your business cause damage to the environment? If so, are you covered? Unfortunately, some businesses don’t think they need this type of insurance, but it can save many businesses from going out of business because of the accidental discharge of hazardous waste.
To find out more about these, as well as other products and services call White Slate Insurance at 817-809-4522 and we’ll help make sure you’re properly covered.
Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your agent for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services.
This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.