You may still close some deals with a handshake but the fact remains that we live in a litigious society. General liability insurance can prevent a legal suit from turning into a financial disaster for your business by helping to provide financial protection in the event your business is sued or held legally responsible for some injury or damage.
If you manufacture or sell products, this type of insurance can help offset the cost of any potential injury claims against your company if someone is injured using your product.
Even with oversight, many pollutants have a nasty habit of leaking from their containers. If it's on your property, you can be responsible even if you didn't know about it or condone it. Protect your business with pollution liability coverage. It is available for pollution claims as the result of storage tank and auto sales/service/repair facilities. It may even include coverage for spills during the transport of pollutants offsite and for pollution events at a non-owned pollution site.
You consider your business to be a fair employer. However, there may be someone who disagrees with you so its important to protect your business and employees regarding allegations based on wrongful refusal to hire, promote, demote or terminate. This type of coverage also protects your business from allegations resulting from misrepresentation, harassment, coercion, discrimination or slander.
As an employer, a company is also at risk if an employee is injured or becomes ill on or off site as a result of working conditions. This insurance is compulsory, but it pays to let Ostrowski Insurance Agency shop around to find the best insurance plan for you, based on your needs.
We're all human and we make mistakes. Errors and Omissions (E&O) coverage insures against not only your mistakes, but also the mistakes of the employees and independent contractors you hire. It protects your company from claims if a client holds you responsible for errors, or if your work fails to perform as promised in your contract. Typically, coverage includes legal defense costs – even if the allegations are baseless – and it will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Claims