Does Commercial Insurance Include Liability Insurance?

When Tuscaloosa, AL businesses meet with TCU Agency to find out more about what is included in their commercial insurance policy, liability insurance is one of the first areas of discussion. While a commercial insurance policy is designed to protect you against certain liabilities, it does not serve as catch-all liability insurance.

What’s The Difference?

Every business needs to ensure that they are properly covered by their commercial insurance policy. Even if they have purchased a commercial insurance policy that is specifically designed to provide liability coverage does not offer universal coverage against any liability that a business is going to face. 

Assuming that all commercial insurance policies offer the necessary coverage is never in the best interests of any business. The coverage that is obtained will depend on the needs of the business and the advice that they receive from the insurance providers that they meet with.

What Types of Claims Are Not Covered?

If an accident or incident takes place and the business is found to be at fault for the damages that have taken place due to their own negligence, these damages are not going to be covered under any commercial policy. Workers’ compensation claims are also not going to be covered by the commercial insurance policy that you select.

The same goes for any intentional acts and any accidents/incidents that take place because of faulty goods and services that the workplace provides. There are also limits to the existing commercial insurance that need to be considered and a business must make sure that they are obtaining the necessary amount of coverage during the early stages of the purchasing process. 

Those who reside in Tuscaloosa, AL and seek additional guidance when it comes to their commercial insurance policy should contact TCU Agency as soon as possible.