General Liability Insurance

General Liability Insurance provided by Thomas Insurance Agency .

General liability insurance protects you and your business from “general” claims involving bodily injuries and property damage. Almost every business has a need for general liability insurance.
Does your business need general liability insurance?

Most small companies need this insurance, especially if you rent or own an office or commercial space. And many client contracts include requirements for general liability insurance.

Even if these don’t apply to you, small businesses that work directly with clients and customers usually benefit from commercial general liability insurance, also known as a CGL policy. This insurance policy can keep your company financially stable if you’re sued by a customer or competitor.

Because general liability insurance provides such important coverage, most small business owners buy the policy right after they start their business.

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Why Do You Need General Liability Insurance?
Liability claims aren’t uncommon and they can get expensive. In fact, 4 out of 10 small businesses will likely experience a liability claim in the next 10 years.** Slips and falls are the leading cause of emergency room visits. The average cost of this kind of claim is $35,000. If a claim leads to a lawsuit, it can increase its average cost to more than $75,000 to defend and settle.** Without general liability insurance, your business would have to pay for these costs out of pocket and it can put you out of business.
 
You may also need general liability insurance before you can work with other businesses. Some companies may ask you to provide proof of insurance, also known as a certificate of insurance.
 

** Based on an analysis of five years of claims data (2010-2014) from more than 1 million Hartford Business Owner’s Policies.

Even though every business is unique, each one can benefit from having general liability coverage. We can work with you to customize your policy so you get the coverage amounts that are right for your business. Whether it’s learning about the general liability insurance meaning or help getting a quote, we’re here for you.

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As an independent agency, Thomas Insurance Agency helps you find the right General Liability Insurance coverage.

Contact Us

Woburn, MA

10 CEDAR STREET SUITE 22 WOBURN, MA 01801-6365

We extend coverage to individuals and businesses in  surrounding areas.

Injury Coverage

Risk Factors
A customer trips on a fixture at your business and is injured.
Solution
Premises and operations insurance can help with hospital bills and damages as well as coverage for your business if the customer sues for negligence.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Lawsuits Coverage

Risk Factors
A former client files and wins a lawsuit over work performed by your company.
Solution
Products and completed operations insurance can help with the defence costs and in some cases, the legal damages for which you may be responsible.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Data Breach Coverage

Risk Factors
You lose confidential business and customer data when your computer system is hacked.
Solution
Cyber liability and data breach can help provide you with legal and forensic assistance to attempt to recover stolen data, as well as ongoing data security consultation to help you manage cyber risks.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Disgruntlement Coverage

Risk Factors
A disgruntled former employee or even an applicant you didn’t hire brings a legal action against your company.
Solution
Employment Practices Liability can help cover your business entity, directors and employees if you are accused of wrongful termination, harassment, discrimination or other employment-related offenses.

Note:  Please talk to your financial consultant to check all the facts before proceeding

Copyright Infringement Coverage

Risk Factors
Copyright infringement can arise from using someone else’s work in your business’ ads without their permission.
Solution
To cover such liabilities from affecting your business, you should have a general liability insurance in place.

Note:  Please talk to your financial consultant to check all the facts before proceeding

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