Your business can probably deal with the majority of risks and accidents. But when more serious incidents occur, they could be expensive to resolve. General liability insurance is the best way to protect your business from the expense of unexpected accidents that may occur on your property.  

Pan American Insurance is your go-to source for securing the general liability coverage your business needs. Contact us today at (915) 562-0009 to learn more and get a quote.  

What Is General Liability Insurance?  

General liability insurance helps protect your business against accidents that occur on company property. This type of insurance covers the business and its employees, as well as any accident victims. It can assist a business in carrying the financial burden of a lawsuit as well as other expenses related to an accident. 

General liability insurance covers the following main areas:  

• Bodily injury—This covers medical expenses as well as legal fees related to a third-party injury on the property.

• Property damage—This covers incidents of property damage that occur out of everyday business activity.

• Personal/advertising injury—This coverage covers personal and advertising injuries such as libel, slander, copyright infringement and invasion of privacy.

Is General Liability Insurance Required? 

Every business should consider general liability insurance. Accidents can happen at any place at any time. An unexpected lawsuit can destroy a business that isn’t properly covered. General liability insurance assists in lifting the financial burden that results.  

How Much General Liability Insurance Do I Need?  

Most general liability policies are around $1 million, but your business may need more coverage, depending on the likelihood of lawsuits, the size of the business and the type of possible lawsuits.  

How Does General Liability Insurance Work?  

General liability insurance protects both the business and victims in an accident that results in bodily injury, property damage and personal or advertising injury. The policyholder can either pay monthly or yearly premiums for coverage. Once a claim has been filed and approved, the policyholder will then receive compensation for particular expenses related to the incident.  

How Much Does General Liability Insurance Cost?  

The price of general liability insurance may vary based on the location, size of the business, the claims history and industry, the deductible and the applicable coverage limits. Contact your agent at Pan American Insurance to determine the amount of your premium. 

Contact Us Today! 

At Pan American Insurance, we want to help you and your business stay protected from unexpected accidents. Contact us today to speak with an agent about your general liability insurance policy. 

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