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- An employee is injured in an auto accident while running errands for the company.
- An associate develops carpal tunnel syndrome from working on the computer.
- An employee gets hurt while restocking the supply room.
- And other work-related accidents, injuries, or conditions
- Pay for an injured employee’s medical treatment
- Replace part of lost wages if a job-related injury requires time off work
Protect your business and assetsWe can help you find the workers compensation coverage that best fits your company and recommend ways to improve job safety, control losses, and lower your claim costs. Most importantly, it can protect the people who work for you.
- A fire could destroy your building and the contents inside.
- A burst water pipe could damage your documents, drawings, or other valuable papers.
- A storm could damage your outdoor sign.
Small business property insurance is one of the most important investments that protects the future of your business. Here are some of the important aspects of your business that commercial property insurance helps protect:
- Your building
- Your outdoor sign
- Your furniture and equipment
- Your inventory
- Your fence and landscaping
- Others’ property
Nationwide understands that your business is unique and constantly changing. We can tailor our commercial building insurance policy to fit your needs.
Business liability insurance coverage is something most business simply must have, so it is essential that you understand what it does and doesn’t cover. Here are some general liability insurance coverage rules of thumb. To be sure about your specific business needs, be sure to consult with a qualified business insurance agent.
Business is inherently risky, but business liability coverage safeguards against many known and unknown risks. Commercial liability insurance coverage protects you, your business, and your employees from claims involving bodily injury or property damage (up to the limits of your policy). Policies shield you from the expense of out-of-court settlements, litigation, and judgments awarded by courts.
Lawsuits, investigations, and settlements
If damages are filed against you or you’re sued, general liability insurance covers the insurance company’s investigation and attorney expenses, any judgment or settlement, medical expenses in case of injury, and bonds if they must be subsequently posted.
Claims can arise from bodily injury or property damages resulting from accidents on your premises or from your products, your operations or advertising for your business.
Liability insurance can also cover things you may not have thought about, such as advertising injury in the event your company’s marketing violates someone’s copyright. Business liability insurance coverage even offers some protection against alcohol-related accidents (as long as your company is not in an alcohol-related business, such as the manufacture or distribution of alcohol).
What does business liability typically not cover?
Here are some situations that would not be protected by general liability insurance coverage:
Workers compensation protects your employees when they are hurt on the job.
Business liability insurance coverage won’t cover a professional mistake, but professional liability will. It insures against mishaps that may occur as you offer your opinion, solution, service, or recommendations in the course of business.
Business liability coverage does not protect you against auto accidents. Purchase a separate auto policy to protect your business.
Though there can be exceptions, a general business liability policy rarely pays for punitive damages resulting from a lawsuit.
General business liability insurance does not cover damages or injuries resulting from expected or intentional acts. For example, if an employee assaults a customer, your business liability coverage would not cover the damages if the customer sues. But if the employee was defending himself or the company from a criminal act, the liability insurance would provide coverage.
This is referred to as the “workmanship” exclusion, and it is common in general liability policies. Insurance policies do not respond to what would normally be covered by a company’s warranty for their work.