Liability Coverage in Lake Forest, CA

Business General Liability Coverage:

Operating your business is a major responsibility. It can also be very risky. Responsible Business owners will maintain Commercial General Liability insurance to protect themselves, their property and their employees from another party's claim of bodily injury, associated medical cost and damage to their property. We can create a General Liability policy that will help safeguard your business from potently damaging claims and law suits.  

Claim Examples:

  • Bodily injury: A client trips and falls while at your premises and you are legally liable for the injury. General Liability will provide coverage for the subsequent claim and related medical expenses up to the policy's limits of liability. It will also provide coverage for your legal fees.

  • Property damage: You knock over an expensive display at your clients place of business causing damage to the client’s property and loss of income for the client. The Policy will cover the subsequent claim up to your General Liability policy's limits.

  • Personal injury: One of your representatives is at an off site meeting. He shares false and unflattering information about one of your clients. The client learns of this discussion and sues you and your business for slander. The general Liability policy will cover the subsequent claim, up to the limits of the liability policy, and pay for an attorney to defend you if necessary.

Do all businesses need Liability Insurance?

In today’s litigious society “yes they do” Originally business owners purchased insurance coverage to protect the asset or cash value of the business. The thought process was we don’t need Liability coverage if we don’t have assets or anything to lose. As the laws in our society have changed this practice has changed as well. Your business can be sued for many different reasons and even if you have no assets you will still need to mount a legal defense. The policy provides Legal defense coverage even if the claim is unfounded or false. If there is a judgment awarded against your business the policy will pay the judgment up to the insurance limits. So even if the business has no assets you may needs coverage for legal fees and possible judgments awarded against the business and its decision makers.

If you or your employees engage in any of the following activities General Liability coverage is highly recommended:

  • Service or maintain clients equipment or data.

  • Represent your clients business interests or operations in any way.

  • When entering into a contract generally all parties are required to provide proof of Financial Responsibility. General Liability coverage can be purchased to satisfy this requirement.

  • If your representatives do outside sales, training or some kind of activity at your client’s business locations, you will want to know that your business is protected if your staff cause negligence while away from your premises.

  • If your business leases temporary third party locations, you will want to extend general liability coverage to those operations.

  • Provides coverage for negligence caused by your business operations

Umbrella Liability:

Provides increased limits of liability above your existing liability policies.

Directors and Officers Liability:

Provides Liability coverage for your Directors, Officers and Trustees. Your decision makers will generally require this coverage as part of their own personal risk management plan. Your Directors and Officers can be held personally liable for business decisions they make related to your operations. If these decisions cause a law suit against your business D&O Liability will provide protect for their personal assets while they are acting on your behalf.

Employment Practices Liability

Protects small business owners from claims brought by employees alleging discrimination, wrongful termination, retaliation, or sexual harassment.

Property Coverage:

Provides coverage for your business building and/or contents from loss caused by covered perils such as fire, lightning, wind, hail, etc.

Commercial Auto:

Provides coverage for vehicles owned by your business for damages and liabilities. Hired and non-owned auto liability coverage included.

HR and Payroll Services:

Provides relief from administrative hassles of payroll, work comp audits, 401k management, and staffing.

Workers Compensation:

Provides statutory benefits for your employees who are injured on the job.

Covering All of Southern CA

Insurance Services By Scott Bingham