Austin General Liability Insurance

General liability insurance is a broad commercial policy that covers liability risks that are not specifically excluded. Coverage typically includes product liability, completed operations, premises and operations, and personal and advertising injury.

A general liability policy insurance policy also covers many of the other people involved in your business. If you have a joint venture or partnership, all of your partners, members and their spouses are protected if they are sued for something they do in an official capacity related to your business. As a corporation, your policy covers all of your business’s executive officers, stockholders and directors while they are acting in their official capacities. If you have subsidiaries, your policy’s liability coverage extends to any subsidiary where you own at least 50 percent of the stock.

Your employees are also protected from claims that result from actions they take in their capacity as employees. If you have a written agreement to indemnify a person or organization, such as a vendor, that person or organization would be protected against liability claims for property damage or bodily injury as a result of selling or distributing your products. During the first 90 days after you acquire a new business, it is automatically covered by this policy. After that timeframe, you would need to update your policy to continue this protection for the new part of your business.

Anyone legally associated with your business, including volunteers working under your direction, are covered for liabilities that result from the work they do for you, and for the use or maintenance of your property that is in their care. See also information on an Austin Business Owners’ Policy (BOP).