Liability Insurance
Liability insurance pays for another party's bodily injury, property damage, or other covered harm that your business is legally responsible for causing, including the cost of defending you even if the claim turns out to be groundless. The Allen Thomas Group helps businesses match the right liability policy, or combination of policies, to the specific ways their operations could expose them to third-party claims.
How It Works
Liability insurance doesn't pay for your own losses, it pays on your behalf when someone else claims you're at fault for theirs. If a customer slips on your wet floor, a contractor's tool damages a client's property, or a product you sold injures a user, liability coverage responds to the resulting claim or lawsuit, paying settlements, judgments, and defense attorney fees up to the policy limit.
Common Types of Liability Insurance
| Policy Type | What It Covers |
|---|---|
| General liability | Bodily injury, property damage, and advertising injury from general business operations |
| Professional liability (E&O) | Claims that professional advice or services caused a financial loss |
| Employers liability | Employee injury claims that fall outside workers' compensation |
| Commercial umbrella | Extra limits sitting above underlying liability policies |
Why It Matters
A single serious liability claim, a customer injury, a defective product, a professional error, can exceed a small business's annual revenue in legal costs alone. Liability insurance is also frequently required by landlords, lenders, and client contracts before a business is even allowed to operate on a property or take on a job, so having the wrong type or limit can cost a business work, not just money in a claim.
How The Allen Thomas Group Can Help You
We'll help you understand exactly how liability insurance affects your coverage and cost, then shop your policy across 15+ A-rated carriers to find the right fit.
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