If you own a business in Huntsville, Alabama, you should consider obtaining commercial liability insurance. This type of insurance covers legal defense, financial compensation to injured parties, and PR expenses. Huntsville is not immune to severe weather conditions. Severe weather and natural disasters pose many risks to the physical assets of businesses, so it’s essential to protect your property. Luckily, commercial property insurance can help you avoid the financial loss caused by damaged property or lost income.
General liability insurance
If you are in the business of selling or renting products, you need to protect your assets from third-party property damage and personal injury. Buying commercial general liability insurance can protect you from this type of lawsuit. The insurance can cover any type of negligence or damage that occurs to a third-party’s property. It can also cover advertising injury. For a commercial liability insurance quote, contact Woodall & Hoggle Insurance Agency Inc.
A local independent agent can assess your risks and decide if cyber liability insurance is right for your Huntsville business. Huntsville is no stranger to severe weather and other threats to commercial property, so it’s important to get commercial property insurance for the physical assets of your business. Whether it’s a broken window, a damaged roof, or a damaged building, commercial property insurance covers you for the unexpected.
Employment practices liability insurance
Employment practices liability is an area of labor law in the United States. It covers wrongful termination, sexual harassment, discrimination, invasion of privacy, false imprisonment, breach of contract, emotional distress, and wage and hour law violations. In addition, it provides coverage for violations of laws related to employee benefits and privacy. The costs of this insurance range from hundreds to thousands of dollars, depending on the size of the company and its industry. This type of insurance is particularly valuable if your company is sued by one of its employees.
There are many factors to consider when choosing a policy. The size of the company, industry, and location may influence premium costs. For example, a business in a high-risk state such as California may face higher costs. For smaller companies, coverage may be as low as $500 a year for $1 million. Insurance carriers can calculate the cost of coverage by examining your company’s risks by reviewing your policies, employee training, and other factors. Some insurance policies may also include a deductible that lowers costs.
Property damage insurance
You should consider purchasing Property damage insurance with commercial liability coverage in Huntsville if you operate a business with a physical location. Although it is a costly expense, it is also an excellent way to protect your business against lawsuits. If someone gets injured on your property, you can claim compensation up to your policy limits. This policy will cover medical bills and legal defense costs if your business is sued. You should also have workers compensation insurance in place if you employ more than three people.
You should consider filing a certificate of insurance with the city of Huntsville Inspection Department. Your certificate must be signed by an agent authorized to work for you. If you fail to file your certificate of insurance, your license to do business in Huntsville will be revoked. You should also list any employees you would like to have on your policy. The certificate of insurance must include the name of the person required to be certified by the state.
Advertising injury insurance
Advertising injury insurance is part of general liability insurance, and is most commonly included in policies for businesses that sell products and provide services. The policy protects you against claims arising from advertising offenses, including libel, slander, invasion of privacy, and misappropriation of advertising ideas. You may not realize that this coverage is so important, but it is a crucial part of any business’s liability policy.
A major car manufacturer marketed a new model of vehicle that featured a faulty brake system and was sued for slander. The company was able to claim advertising injury insurance, which would protect it from any claims based on inaccurate information. This coverage is not as common as the other types of insurance, but it still pays out for claims based on inaccurate advertising. Often, the policy also covers false advertising claims, which are the most difficult to obtain.