Does My Business Need More than General Liability Insurance?

Does general liability insurance offer your company enough protection?

Every business owner knows how essential general liability insurance is for their company.  While general liability is an absolute must, this doesn't mean that this type of coverage is the only liability protection that your company needs.  In fact, there are many common liability issues that require their own specialty commercial insurance in Los Angeles, California.  Here are some of the other essential liability policies that you need for your business.

• Employment Practices Liability

Employment practices liability insurance will offer coverage for your company if it is accused of unfair or illicit treatment of prospective, current, or former employees.  This type of coverage will offer protection against claims of sexual harassment, discrimination, wrongful termination, payroll issues, and so on.

• Errors and Omissions

Also known as professional liability insurance, errors and omissions insurance will offer your business protection in the event that you or an employee makes a mistake that results in losses to a client.  This type of insurance will protect against claims of negligence, copyright infringement, and other missteps you might make during the course of rendering your professional services.

• Cyber Liability

Cyber liability insurance will offer your business financial protection in the event that it is the victim of a major cyber attack or data breach.  This insurance will help you cover the cost of informing your customers, restoring lost data, recovering compromised identities, and repairing computer systems.

• Product Liability

If your business manufactures, distributes, or sell products, then you can be held liable if these products cause bodily injuries, property damages, or other losses to consumers.  Product liability insurance will protect you against this risk and will also offer coverage in the event of a product recall or an advertising issue. These are some of the other policies that will supplement your general liability policy to ensure that your company has the comprehensive liability coverage that it needs.  Interested in securing the right commercial insurance in Los Angeles, California?  Then don't hesitate to contact us at Fuller Insurance Agency to get covered today.