Employers Liability Insurance: What You Absolutely Need to Know
You own and run a small successful enterprise. Yet you live in litigious society, and you worry about what might happen to your business assets and — and frankly, to your own pocketbook — if someone sues you for bodily injury or property damage. To that end, you desire more comprehensive employers liability insurance. This article can provide keen insight into the process as well as shopping tips and a terrific method to source quotes.
What Employers Liability Insurance Covers
A policy should protect you and your business) financially if you wind up legally responsible for property damage or bodily injury. The coverage should include protection for injuries that arise from your advertising, goods, products, or services. It should also pay for court costs, legal fees, medical bills, rehabilitation, and other like costs. The policy should cover injuries or property damage that happen both on your business premises and away from it.
Different Forms of Employers Liability Insurance Coverage
Your claims may be handled slightly differently depending on which of two forms you choose. The “occurrence form” will protect you from property damage and bodily injury claims that happen during the term of you policy. The “claims made” form will protect you against claims made against you or your business during the term of your policy.
Kinds of Damage Covered
Your employers liability insurance coverage will depend on the nature of your work. A typical policy will protect you against fire damage, libel and slander, false arrest, malicious prosecution, and acts of invasion. You may need liability insurance specific to job-related exposures. For instance, if you are ophthalmologist, you may need optical liability. If you run a restaurant, you may need employers liability insurance to protect your food supply in case it gets contaminated or spoiled. If you own a liquor store, you will need special insurance to be able to sell liquor legally. If you own a children’s health clinic, you will need medical malpractice coverage.
Collecting Employers Liability Quotes — A Faster Way
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