When running a business, safeguarding against potential risks is paramount. General liability insurance provides a crucial layer of protection, covering various risks and helping businesses mitigate the financial impacts of lawsuits and claims. However, it’s essential to understand that general liability insurance does not cover everything. Knowing these exclusions can help you make more informed decisions about additional coverage your business might need. At DiamondBack Insurance, we offer instant online quotes, instant online binding, and instant online insurance proposals to help you get the coverage you need quickly and efficiently.
What General Liability Insurance Does Not Cover
- Employee Injuries: General liability insurance does not cover injuries to your employees. For that, you will need workers’ compensation insurance, which provides medical benefits and wage replacement to employees injured in the course of employment.
- Professional Errors: If your business provides professional services, general liability insurance will not cover claims related to professional errors or omissions. For this type of coverage, you will need professional liability insurance, also known as errors and omissions (E&O) insurance.
- Intentional Acts: Any damages or injuries resulting from intentional acts or illegal activities committed by you or your employees are not covered by general liability insurance.
- Automobile Accidents: Accidents involving company-owned vehicles are not covered by general liability insurance. Instead, you will need commercial auto insurance to cover such incidents.
- Damage to Your Property: General liability insurance covers damage to third-party property but not damage to your own business property. For protection of your business assets, consider purchasing commercial property insurance.
- Employee Discrimination Claims: Claims of discrimination, wrongful termination, harassment, and other employment-related issues are not covered by general liability insurance. Employment practices liability insurance (EPLI) is designed to cover these types of claims.
- Punitive Damages: General liability insurance does not typically cover punitive damages, which are awarded in cases of gross negligence or intentional misconduct.
Why Understanding Exclusions Matters
Understanding what general liability insurance does not cover is critical for identifying gaps in your insurance portfolio. By recognizing these exclusions, you can better assess your risks and explore additional insurance products that may be necessary to fully protect your business.
At DiamondBack Insurance, we make it easy for you to understand your coverage options. With our instant online quotes, you can quickly get an estimate for the insurance you need. Our instant online binding allows you to secure your coverage immediately, and our instant online insurance proposal provides you with a detailed breakdown of your coverage options.
Get Protected with DiamondBack Insurance
Don’t leave your business exposed to risks that aren’t covered by general liability insurance. Explore our additional coverage options to ensure comprehensive protection. For an instant general liability insurance quote, visit:
Take the first step towards securing your business today with DiamondBack Insurance.
