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Quick-Quote.me General Liability Insurance With Several Leading Insurance Companies
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ACORD 125 |
Commercial General Insurance Application |
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ACORD 126 |
Commercial General Liability Section |
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Download All Application Forms To Your System - Complete Each Fillable Application - Print Send To : Email edhemphill@hemphillinsuranceagency.com or Fax (936) 448-1013 |
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General Liability Insurance Coverage
Overview Every business also faces exposure to liability losses. A business may become legally liable (i.e., responsible for payment) for bodily injury suffered by another person or persons, or for damage to or destruction of the property of others. This liability may be the result of ! A court decision (as in a lawsuit charging negligence). ! Violation of contract provisions (a contract that makes one party responsible for certain kinds of losses). Public Liability A business may be held liable for injuries or other losses suffered by a member of the general public as the result of the firm's (or its employees') negligence or fault. Examples include ! A customer in a firm's building trips on a broken step. ! A defective product causes injury to its user. ! Improper installation of a product causes injury to a customer. ! A tenant is held responsible for a third-party injury occurring on the rented property, due to a clause he or she signed agreeing to such responsibility. Your daily paper will provide dozens of other examples. A firm that is found legally liable for harming a third party must pay damages to compensate the injured party. Sometimes the court also imposes punitive damages and, in cases involving violation of statutes designed to protect the community, the court may levy fines in order to discourage future violations.
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