Commercial General Liability Insurance in North Carolina

All businesses should have commercial liability insurance coverage. It is essential that you know what the coverage includes and does not. The liability insurance policy protects your employees and business from claims involving property damage and bodily injury up to the limits of the insurance coverage. The policy shields you from expenses arising from litigation, out of court settlements, and judgments awarded by courts. At Wayne Realty & Insurance Co., Inc., based in Goldsboro, NC, we offer reliable commercial liability insurance coverage

Commercial liability coverage may take care of lawsuits, settlements, and investigations. It may also include bonds and medical expenses. Most business claims arise from injury and damages linked to accidents caused by products, advertising for the company, operations, and incidents on your premises.

Advertising injury comes from occurrences in the course of the business marketing that violates copyright laws. The commercial liability coverage protects you against incidents arising from faulty products or libel and slander.

However, the insurance coverage does not include workers compensation in case of injury as that is under a different insurance policy. This policy does not cover professional mistakes which is typically covered under professional liability insurance.

Insurance provides coverage for liability arising out of:

• Premises and Operation
• Fire Damage Liability (damage by fire to premises rented to insured)
• Personal and Advertising Injury
• Medical Payments
• Products/Completed Operations

The primary concern of the commercial liability insurance coverage is to protect the business from the implications of lawsuits that can drain your financial assets. Purchasing the insurance policy enables you to meet the various needs of your business.

However, commercial liability insurance does not cover injuries or damages arising from intentional acts like when an employee assaulting a customer. On the other hand, if the employee was acting in self-defense of the company or himself from a criminal offense, then the liability insurance may provide coverage.

Having a commercial liability insurance coverage plan protects your North Carolina business against financial losses from lawsuits, settlements, and investigations, among other risks. Contact us at Wayne Realty & Insurance Co., Inc., located in Goldsboro, NC, for a quote. Our agents can help you choose the policy that covers all of your liability worries.