Atlanta Small 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: A client trips over some wires in front of an IT consultant’s desk and the consultant is legally liable for the injury. We will cover the subsequent claim and related medical expenses up to the individual’s General Liability policy limit of liability.
• Property damage: A realtor is showing a client a home that contains a lot of expensive antiques. During the showing, an expensive vase is broken. The realtor’s professional liability policy could cover the cost to replace the vase.
• Medical expenses: A building inspector needed to hire a consultant to help with a project. He took a candidate on a tour of the job site which was still under construction. The consultant tripped on a piece of equipment, sustaining injuries which required hospitalization. General liability insurance protects building inspectors against third-party claims of bodily injury, associated medical costs and property damage.

Learn more about general liability insurance.

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:

• Protection even if you haven’t made a mistake: A consultant is managing the development of a new product for a company. There are some problems with the project which the consultant has no control over and cannot deliver the final product on time. If the company sues the consultant, we will appoint an attorney.
• Negligence: A realtor lists a home for sale in a desirable neighborhood, and it sells quickly. A few months later, a similar home in the same neighborhood is sold at a considerably higher price. The seller of the first home sues the realtor, claiming they underpriced the home. The realtor could be protected by their professional liability policy.

Learn more about professional liability insurance.

Business owners policy (BOP) is a combination of general liability and business property insurance. BOP is often used to provide balanced coverage for small businesses who also want to protect their own business equipment. Some examples of what could be covered are below:

• Office insurance for fire and business interruption
• Electronic data loss insurance
• A photographer’s tripod falls over while at a shoot, causing damage to the lens. the photographer has a business owner’s policy which could cover the cost to replace the lens.

Learn more about business owners insurance.