LIABILITY INSURANCE
Protect Your Business with Liability Insurance
Accidents and unexpected events can happen to any business. Liability insurance protects your business from the financial burden of lawsuits, medical bills, and other unexpected expenses.
Liability Insurance. Simplified.
Why Liability Insurance?
Liability insurance isn’t just helpful—it’s crucial. A single incident could lead to significant costs that threaten your business.
Liability insurance helps cover:
- Legal fees (including court and attorney fees)
- Medical costs for injuries
- Settlements or judgments up to your policy limit
The Southern Agency ensures you get customized coverage that fits your business perfectly.
Most Common Types of Liability Insurance
These liability coverages are frequently needed by businesses:
- Commercial General Liability (CGL): Covers common risks like bodily injuries, property damage, and personal injury related to your daily operations.
- Cyber Liability & Cyber Extortion: Protects against financial losses from cyber incidents, such as data breaches and ransomware.
- Directors & Officers Liability (D&O): Protects executives from lawsuits alleging mismanagement or wrongful decisions.
- Employment Practices Liability (EPLI): Covers claims related to wrongful employment practices like discrimination, harassment, or wrongful termination.
- Product Liability: Covers claims related to defective or harmful products your business makes, distributes, or sells.
- Professional Liability (Errors & Omissions): Protects professionals against claims alleging errors, negligence, or inadequate services. Ideal for accountants, lawyers, architects, consultants, and medical professionals.
- Umbrella Liability: Provides additional coverage beyond your existing liability limits, filling gaps left by standard policies.
Other Types of Liability Insurance
Depending on your business needs, these additional coverages may be necessary:
- Advertising Liability: Protects against advertising-related lawsuits involving copyright or defamation.
- Bailee Liability: Covers damages to property in your care, like items at dry cleaners or repair shops.
- Bankers Professional Liability (BPL): Covers financial institutions against negligence claims related to lending and fiduciary duties.
- Bumbershoot Liability: Specialized marine liability for commercial boating.
- Care, Custody, or Control Liability: Protects against property damage claims for items your business manages or controls.
- Contractor-Controlled Insurance Program (CCIP):Comprehensive policy obtained and managed by a general contractor to cover all subcontractors working on a project, streamlining the insurance process, and reducing costs for all parties involved.
- Electronic Data Liability: Covers accidental loss, damage, or access issues involving electronic data.
- Employment Benefits Liability (EBLI): Covers mistakes in managing employee benefits.
- Excess Liability: Adds extra protection beyond primary policy limits.
- Fiduciary Liability: Covers claims of mismanagement of employee benefit plans.
- Garage Liability: Essential for auto dealerships and repair shops.
- Host Liquor Liability: For serving alcohol at events without a liquor license.
- Liquor Liability (Dramshop Liability): Covers businesses serving alcohol from related claims.
- Marina Operators Liability: Protects marina operators from facility-related incidents.
- Maritime Employers Liability: Covers maritime employer liabilities not included in standard workers’ compensation.
- Media Liability: Covers media businesses against defamation and copyright infringement claims.
- Medical Malpractice: Protects healthcare providers from negligence claims.
- Owner-Controlled Insurance Program (OCIP):Covers all contractors and subcontractors on a construction project, allowing the project owner to manage and control the insurance policies and costs associated with the project.
- Personal & Advertising Liability: Covers defamation and privacy claims in advertising.
- Pollution Liability: Covers cleanup costs and damages from accidental environmental incidents.
- Protection and Indemnity (P&I): Marine coverage for liabilities like crew injuries and cargo damages.
- Publishers Liability: Protects publishers from content-related lawsuits.
- Riggers Liability: Covers property damage from rigging operations.
- Stevedore Liability: Covers cargo-handling operations at marine terminals.
- Tenant Liability: Protects tenants against claims involving injuries or damage on rented properties.
- Voluntary Property Damage Liability: Covers accidental damage to another’s property without needing legal liability.
- Warehouse Operators Liability: Covers warehouse operators from negligence claims involving stored goods.
- Wharfinger Legal Liability: Protects dock operators from cargo damage and injuries.
- Wrap-Up Insurance: Comprehensive coverage bundling multiple policies for large construction projects.
