If you have a small business in Pennsylvania, you have no doubt heard horror stories regarding frivolous lawsuits filed against other owners. You need insurance that covers your liabilities without breaking the bank. Your Brandywine Insurance Group agent in Chadds Ford, PA can walk you through the types of business insurance available and which coverage you should include in your business.
Pennsylvania is a fairly hostile state in terms of the number of business sued each year. Keep reading to learn the types of business insurance coverage available.
About Commercial Liability Insurance for PA Businesses
Pennsylvania doesn’t require commercial liability insurance for businesses operating in the state. However, it’s ranked 46th among states with tough laws that make it harder to avoid a liability judgment. So, commercial liability insurance, or business liability insurance, protects you from a catastrophic financial loss in the event of a liability claim. This covers events that take place in your business or anywhere you do business (for example, completing an installation in someone’s home as part of your business) in Chadds Ford, PA.
There are the types of Business
- Bodily Injury pays for physical damage to someone else at your place of business.
- Property Damage covers damage that’s your fault or the fault of an employee regarding someone else’s property.
- Advertising Injury any claims for losses caused by misleading advertising.
- Legal Defense and Judgments cover you for what it costs to defend yourself against real and frivolous suits. It also pays for judgments up to your coverage limit. However, the policy may not include punitive damages due to negligence or purposeful misconduct.
Contact us at 610-335-1888, so your Brandywine Insurance Group agent in Chadds Ford, PA can answer questions about your current or new system.