What type of coverage do you need?

A person walks into a business, falls, and damages his expensive watch. Is the business responsible for that loss? This is a common example of a general liability insurance claim. In many cases, business owners need to have this type of financial protection in place to limit anyinsurance sign type of loss they have just by opening their doors. Take a closer look at when damaged property may be covered on your policy.

Does General Liability Insurance Cover Property Damage?

General liability insurance aims to help business owners avoid the financial burden of paying for losses their customers, clients or third-party visitors experience. There is the expectation that your business will be safe for a person to walk into and use.

Yet, problems can happen many times over, even as you try to avoid them. Proving that there is negligence happening is more complex, however.

Let’s say that someone does suffer a loss on your property. Will your insurance help you? In most cases, the answer is yes.

If the person is able to file a general liability insurance claim for the incident, then any losses he or she had during that period may have coverage. For example, if someone enters the property and slips on a wet floor, he or she may damage their watch, a laptop, or any other item they are carrying with them. If the claim applies to any injuries they suffer, it may cover the property damage, too.

Proving Negligence Is Complex

That’s not to say that anyone can file a claim though. What if the person walking in tripped over a table because he was not paying attention to where he was going? What if there was a clearly marked wet floor sign and someone was working on cleaning it up? The good news is that the individual has to prove that the business was negligent in the situation. That may not be as easy as it seems.

In a situation like this, your first step is to contact your insurance agent. Report the claim. Then, an adjuster will work with the person filing the claim to determine what happened and what type of loss they suffered. It is best to try to refrain from providing any promises to the individual, though. Let the agent handle all of these inquiries for you instead. It can help alleviate the frustrations involved.

Also Read: How to Choose a General Liability Plan if You Work with Your Client's Equipment

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018


View Mobile Version

Multiple Policies,  All in One Place

Most people have several different types of insurance to protect all of their important possessions. Still, we know it can be a hassle trying to settle on the right coverage. You need very specific protection, after all. Our goal is to help all of our clients cover their unique insurance requirements. We proudly offer:

Our latest blogs

  • travelers insurance logo
  • allstate insurance logo
  • safeco insurance logo
  • the hartford insurance logo
  • mercury insurance logo
  • progressive insurance logo
  • blue cross blue shield logo
  • CNA logo
  • CompuSource Insurance logo
  • Prosight logo
  • ameritrust logo
  • Bitco logo
  • Liberty Mutual logo
  • NAICO logo
  • HIIG logo
© Copyright. All rights reserved. Powered by Insurance Website Builder