General Liability Insurance

Protecting the businesses of Tipp City, West Milton and all of Dayton, Ohio

General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. Coverage typically includes the products you manufacture or operations you perform. Hamler Gingrich recommends that all businesses have general liability coverage in place.

Dayton, Ohio – What you need to know about commercial liability insurance

  • General business liability insurance: Covers claims due to injuries, accidents and negligence. A general liability policy can protect you against costs that result from bodily injury, property damage, medical expenses, legal costs, judgments, and personal injury claims such as libel and slander. If you rent or lease your space, commercial general liability, or CGL insurance, may also provide coverage for damage to that workplace. Depending upon your situation, you may need premises liability insurance.
  • Product liability insurance: This coverage is necessary for companies that make, distribute, or sell a product since they’re often liable for its safety. This type of insurance helps prevent a financial loss if the product is defective and causes injury or harm to the consumer. The amount of product liability coverage you need varies by the severity of your company’s risks.

Take a look at the list below for additional business liability coverages that are often available:

Professional Liability Insurance (Errors & Omissions)

Errors & Omissions (E&O) covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data. This type of insurance is particularly important to licensed professionals such as accountants, attorneys, insurance agents, architects, engineers and technology companies. Hamler Gingrich recommends that all professional and technology companies have E&O coverage.

general liability insuranceEmployment Practices Liability Insurance (EPLI)

Employment Practices Liability Insurance for employers covers employment-related liabilities other than on-the-job injuries. This can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If you have employees, Hamler Gingrich recommends considering this type of coverage.

Directors and Officers Insurance (D&O)

D&O covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits against the company. There is a variety of Directors and Officers coverage available such as corporate reimbursement coverage, personal liability, and entity coverage. D&O policies may be broadened to include coverage for employment practices liability as well.

The following are not covered by a commercial general liability policy and need to have their own separate coverage:

• Aircraft

• Automobiles

• Directors & Officers Liability

• Errors and Omissions Insurance

• Health, life and disability insurance

• Pollution Liability

• Product Recall

• Professional Liability

• Watercraft

Workers’ Compensation

To find out more about these, as well as other products and services, call Hamler Gingrich Insurance at 937-698-4101 and we’ll help make sure you’re properly covered.