General liability insurance from Compass Insurance protects your business from court-ordered costs associated with the use of your products and services. Your policy helps pay for medical costs, repairs, and replacement of others’ property.
However, your general liability coverage has some serious limits that could leave your Centennial, CO business vulnerable. Here are some additions to your policy that decrease specific risks to your commercial operation.
Liquor Liability
For establishments that sell alcohol, this policy addition helps pay for legal costs associated with the use of their product. From a destructive and inebriated client to partial liability for damages that occur as a result of consuming alcohol, this coverage is important for bars, eateries, and manufacturers.
Pollution Liability
Your manufacturing plant makes more than items for sales purposes. It also makes chemical and material byproducts that can pollute the air, water, and land around your production plant. Pollution liability helps pay for damages and clean up associated with runoff and debris from your production facility.
Director’s Liability
Running a corporation isn’t easy. Your decisions as a board member can sometimes have unforeseen effects. When things don’t go as planned, a director’s liability policy ensures you can defend yourself in court without risking your personal wealth. This coverage is designed specifically for corporate officers.
Errors and Omissions
The business world relies on contracts to keep everyone honest, open, and prevent problems between partners. However, we are all human and prone to mistakes. Don’t let a momentary lapse of memory derail your entire business plan. An errors and omissions clause protects you from incomplete or erroneous information in your business contracts.
Compass Insurance carries commercial policies for businesses in the Centennial, CO area. Contact our agents to learn how to customize your general liability coverage to match your business goals and style.
