What Commercial Liability Covers

What Commercial Liability Covers

Paramus commercial liability insurance

When you think about insuring your business, protecting yourself from the expense of rebuilding damaged property is probably the first thing that comes to mind. It is important, however, to cover expenses that have little or nothing to do with your property, too. When you are looking for Paramus commercial liability insurance, there are some basic things your policy should cover.

Commercial liability covers most situations that involve hiring legal services. If you are sued or someone is trying to claim damages against your business, your liability coverage can pay for the whole subsequent process. Your policy should pay the cost of investigating the claim and any legal fees needed. If damages are awarded to the person who sues you, your Paramus commercial liability insurance should cover the cost of those damages, such as the medical expenses of the injured party, as well. Your general liability policy might also cover legal issues such as alleged copyright infringement if you get sued for the content of your publications or advertising.

A solid insurance plan for your business must include more than property insurance for the building itself. Out-of-pocket legal fees can eat up a company’s revenue quickly, so it is smart to have a commercial liability plan as part of your overall insurance package.