Every business faces risks of various kinds. If you have employees you have the risk of employee injury. You most likely buy workers’ compensation to protect yourself from this risk. No owner or manager wants to believe that their business is exposed to great risks; however, many situations may expose your company to lawsuits, liability and substantial expenses. An unfortunate number of these situations go unnoticed by many business owners until it is too late.
We understand that your business is unique. You serve people first, and foremost. Just because you are a small business does not mean you are exempt from litigation. Commercial Liability Insurance from Oakwood Insurance offers protection to your businesses. It covers claims from property damage and/or bodily injury to a third party caused by your business operations, or from your premises. This general liability coverage may also provide for the legal defense of the insured.
General Liability Insurance should be the foundation of your business, it provides the following coverage:
Bodily Injury – Bodily Injury to a third party.
Property Damage – Damage to a third party’s property (equipment building etc.).
Personal Injury – Injury to the mind or emotions, as opposed to an injury to property.
Advertising Liability – Damages arising out of advertising, libel, slander, or invasion of privacy.
Products and Completed Operations – Liability arising out of products or business operations and services conducted, excluding professional services.
Premises – Covers liability arising out of injury to third parties while on your premises.
Medical Payments – A general liability coverage that reimburses others, without regard to the insured’s liability, for bodily injury while on your premises