Indiana Business Insurance

General liability insurance, known as Commercial General Liability (CGL), protects your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property. Some examples of what could be covered are below:

• Bodily injury: An interior designer invites a prospective client to their home office to review color and fabric samples. The client trips on the steps and breaks their arm. The designer has a general liability insurance policy which could cover the costs of the client’s injuries.
• Property damage/data loss: An IT consultant is installing a new network at a client’s office. While transferring the data from the old server to the new one, several important files are corrupted. The client sues the consultant for the financial implications of the lost data. A general liability policy could cover these costs, protecting the IT consultant.
• Discrimination: A company retained a human resources consultant to oversee the hiring of a large number of seasonal employees. A number of applicants claimed they were being directed toward lower paying positions because they were women. They filed suit against both the hiring company and the consultant. Professional liability insurance protects HR consultants against claims of negligence and will appoint an attorney to defend them, even if they haven’t made a mistake.

Learn more about general liability insurance costs to make a smart and forward-thinking decision for your business.

Professional liability insurance, also known as errors and omissions insurance (E&O insurance), covers another person’s claims against businesses that provide professional and personal services. Some examples of what could be covered include:

• Negligence: An IT project manager is contracted to manage a major technology migration with a hard project end date. Halfway into the project, the IT PM discovers a technical problem that will delay the migration. The client is angry and accuses the project manager of not doing his due diligence of project review up front before signing the contract. Professional liability insurance protects IT project managers against claims of negligence and software copyright infringement, even if they haven’t made a mistake.
• Protection even if you haven’t made a mistake: A bookkeeper, who does not provide tax advice, is sued by a client when they are audited by the IRS. Professional liability insurance could pay for the bookkeeper’s defense costs, as well as any settlement or judgment.

Learn more about professional liability insurance.