In today's litigious society, even small mishaps can result in large lawsuits. That is why General Liability insurance, along with property and Worker's compensation insurance, is essential for most companies. Liability insurance protects the asset of a business when it is sued for something it did (or didn't do) to cause an injury or property damage.
General Liability insurance can be purchased separately or as part of a business-owner's policy (BOP). A BOP bundles property and liability insurance programs into one policy. However; the liability coverage limits are generally standard. Normally, businesses that require higher limits purchase the General Liability insurance plan as a separate policy.
The amount of coverage a business needs depend of a couple of factors:
Pegasus Capital & Insurance Services also has full employee benefits available. We offer a full line of solutions for small, mid-size and large companies.