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Need business liability insurance for a leased space doing a dollar store what will this cover and recommend coverage for this type of business?
Wiki User
∙ 16y ago
Commercial General Liability insurance protects you from a 3rd party bodily injury or property damage suit for which you are negligent. For instance, you own a dollar store and a customer enters your store trips over a loose rug and is injured. That customer has a right to sue you for his medical bills. Most tenants leasing space for retial stores will need a Business Owners Policy (BOP). This is a package policy for small businesses including General Liability Insurance and Property insurance for damage to your owned business property. The lease you sign with the landlord will detail the limits required and will ask that you name the landlord as "Additional Insured". Additional insured status protects your landlord under your insurance for suits brought against him for your use of his owned space. Consult an independent insurance agent for details about BOP policies offered in your state. William J Zester, Jr.
Vice President
MPPI, Inc.
bzester@mppi.com
Wiki User
∙ 16y ago
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Business Liability Insurance ?
form_title=Business Liability Insurance form_header=Protect your business with the right business liability insurance for your needs. What is the annual revenue of your company?=_ Does your company currently have insurance coverage?= () Yes () No What type of business liability insurance do you need? (Check all that apply)= [] General Liability [] Workers Compensation [] Business Owners Policy (BOP) [] Property [] Professional Liability [] Business Travel [] Business Automobile
What does a business insurance agency do?
Business insurance agencies typically sell insurance policies to commercial businesses. They sell property and liability policies, employee coverage and product liability.
Where can someone learn about business liability insurance?
Any insurance agent or website can provide information about business liability insurance, but it may be best to check with the Small Business Association (SBA) or an attorney to learn the most advisable coverage for a specific business or business type.
What is a SS0008 insurance form?
An SS0008 Insurance Form is a part of a BOP (Business Owners Policy). It is a Business Liability Coverage Form. It is used by The Hartford.
Information about Property and liability insurance?
Insurance definitions found on the web can explain property and liability insurance more in detail. However the type of business you have will tell you what type of coverage you will need.
What is the Liability of homeowner acting as General contractor?
Homeowners insurance does not have liability coverage for your job occupation. You can obtain contractors insurance for liability coverage.
what is the coverage amount for general liability insurance for a cleaning business?
Depends on the country, state and local regulations that the business is established in
What does comprehensive general liability insurance cover?
Comprehensive general liability insurance covers businesses against many liability exposures of a business. Comprehensive general liability insurance coverage includes completed operations, elevators, independent contractors, and more.
Will I need business liability insurance for a forklift rental?
5 TYPES OF INSURANCE YOU NEED TO PROTECT YOUR BUSINESS 1.BUSINESS AUTO INSURANCE 2.COMMERCIAL PROPERTY INSURANCE 3.COMMERCIAL UMBRELLA INSURANCE 4.GENERAL LIABILITY INSURANCE 5.WORKERS’ COMPENSATION INSURANCE Workers Compensation Insurance provides coverage for both work related injuries and some lost income. We also represent several top rated workers compensation insurance companies and can get you the right coverage that fits your business insurance budget.
Where can I get liability car insurance?
Liability coverage (often simply called "liability") protects you from damage you do to others or to property in an accident. Some level of auto liability insurance coverage is required in all 50 states - get info for your state's auto liability insurance coverage requirements here.
What is the minimum insurance coverage you need for a small catering business?
You need A General Liability Insurance Policy
Does liability insurance cover a stolen car?
Liability Insurance and the Stolen VehicleNo, Liability Insurance provides coverage for damages or injuries that we cause to others. It does not provide coverage for our own vehicle damages or theft.
