San Francisco 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 comes in to review plans in an architect’s office on a rainy day. The client slips and falls in the wet foyer, requiring a trip to the emergency room. General liability insurance could cover the claim for medical expenses up to the policy limit.
• Property damage: A landscaper’s assistant inadvertently cuts down a rare tree on a client’s property. The landscaper’s general liability policy could cover the cost to replace the tree.
• Accidental property damage: A building inspector was hired to inspect a renovation project in an office building. Part of the building was occupied. While the inspector was passing through the occupied section of the building, he inadvertently knocked an expensive vase off a table in a lobby area. 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:

• Negligence: A personal trainer advises a client to perform a series of exercises. The client then complains of back pain, which turns out to be due to a previous injury that was not disclosed to the trainer. The client makes a claim of negligence against the trainer. A professional liability policy could cover the cost to defend the trainer, including settlement or judgment, up to policy limits.
• Dissatisfied client: A financial advisor suggests a specific investment for a client who has expressed comfort with a high degree of risk. The investment does well and the advisor urges the client to sell, which they refuse to do. The investment declines significantly, and the client sues the advisor for not selling. A professional liability policy could pay for the advisor to defend themselves.

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Business owner's 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 business interruption: While photographing a wedding on a boat, one of the photographer’s expensive cameras goes overboard into the bay. A business owner’s policy could cover the cost to replace the camera, subject to policy limits, and keep the business up and running.
• The office next to a credit counseling agency has a water pipe burst and the water leaks into the office next to it, damaging several desks, chairs, and computers. The credit counseling agency’s business owner’s policy could cover the cost to replace the damaged furniture and equipment.

Learn more about business owner's insurance.

Hiscox now offers state mandated workers compensation insurance to ensure that injured workers receive prompt and fair compensation for job-related injuries and diseases. In most states, laws require you to pay for an injured worker’s medical care, lost wages, and death benefits. A Hiscox Workers Compensation Insurance policy must be purchased with another Hiscox business insurance policy. To get a free quote, call us at 1-866-283-7545 and speak to a licensed insurance agent, Monday – Friday, 7am – 10pm ET
Saturday – Sunday, 8am – 5pm ET.

Learn more about workers compensation insurance.