Does Bodily Injury Coverage Cover Employees’ Injuries?
The bodily injury coverage found in general liability policies is typically meant to cover certain injuries that are sustained by third parties, such as customers and vendors. In most cases, this coverage doesn’t extend to employees who suffer on-the-job injuries.
Workers compensation coverage is the insurance that’s normally designed to cover employees’ on-the-job injuries and illnesses. Most insurance agents who are familiar with general liability policies can also help businesses find workers compensation policies (as well as liquor liability and product liability policies).
Are General Liability Policies Expensive?
Many factors affect how much businesses pay for general liability policies, and rates can vary. A business’ location, industry, annual sales and past insurance claim history are just a few of the items that might affect how much the business pays for a policy.
While policies’ premiums may vary, general liability coverage tends to be quite affordable. It’s almost certainly less costly than facing a major liability suit.
How Can Vermont Businesses Obtain General Liability Insurance?
General liability coverage can be purchased by itself or as part of a package policy. Both business owners policies and commercial package policies may include the protection.
For help deciding which of these three options is the best way to acquire general liability insurance, businesses should talk with an independent insurance agent who specializes in this commercial coverage. An independent agent who’s helped other Vermont businesses find coverage will be familiar with all of the options that are available and know how to help businesses select the best one.