Securing Your Business with Berkshire Hathaway’s General Liability Insurance

Operating a business comes with many risks both large and small. Lawsuits from injured customers or damage to third-party property can quickly derail a company financially. That’s why having adequate general liability insurance from a reputable provider like Berkshire Hathaway GUARD is essential.

General liability insurance helps cover costs if your business is sued for bodily injury, property damage, personal injury or advertising injury While no company wants to think about the worst-case scenario, having this coverage gives you peace of mind that your business is protected from potentially massive liability claims

What Does General Liability Insurance Cover?

General liability policies contain several standard coverages to protect businesses from a wide range of risks

• Bodily Injury: Covers costs if a third party is injured on your business premises or by your operations. This includes medical bills, lost wages, pain and suffering damages and wrongful death claims.

• Property Damage: Provides protection if your business damages or destroys third-party property, whether it’s due to operations, products or completed work.

• Personal Injury: Covers claims of libel, slander, false arrest or invasion of privacy that arise from your business activities.

• Advertising Injury: Provides coverage for third-party claims related to copyright infringement or unauthorized use of slogans in your advertising.

• Products/Completed Operations: Protects against liability claims arising from products you manufacture or sell even after they have left your possession.

• Tenants Liability: For businesses renting space, this covers damages to the premises you occupy but don’t own.

Casting a wide liability net is crucial, as claims can arise from many scenarios like a wet floor causing a slip-and-fall, faulty merchandise leading to injury, or damage to a client’s property while performing work off-site. General liability insurance from Berkshire Hathaway GUARD prepares your business for the unexpected.

Why Berkshire Hathaway for General Liability Coverage?

With so many insurance providers to choose from, why select Berkshire Hathaway GUARD for your general liability policy? Here are some of the key advantages:

Financial Strength of Berkshire Hathaway

GUARD carries the stellar backing of parent company Berkshire Hathaway. Consistently ranked one of the most financially stable organizations in the world, Berkshire Hathaway provides GUARD policyholders unmatched fiscal security and peace of mind.

Package Policies and Multi-Policy Discounts

GUARD makes it easy to bundle general liability with other vital coverages like property, commercial auto, workers compensation, professional liability and more. Packaging policies leads to cost savings through multi-policy discounts.

Superior Claims Service

GUARD has earned a reputation for providing responsive, compassionate claims service. Skilled adjusters work hard to promptly investigate liability claims while treating all policyholders with understanding and care during challenging situations.

Loss Control Services

Proactive loss control is vital for avoiding incidents leading to liability claims. GUARD policyholders benefit from expert loss control representatives who provide actionable guidance on identifying and mitigating risks.

Local Independent Agents

GUARD distributes policies solely through independent agents deeply familiar with their communities. Local agents take time to understand each business’ unique risks and build tailored solutions.

The financial strength and stability of Berkshire Hathaway combined with GUARD’s stellar service make them an ideal choice for protecting businesses with general liability insurance.

Critical General Liability Coverage for Specific Industries

The risks calling for general liability coverage vary substantially between industries. Here are some examples of critical liability exposures for specific sectors:

Construction Companies

Between heavy equipment, tall heights and flammable materials, construction job sites are rife with bodily injury dangers. Fires, blowing debris or structural collapse can also damage neighboring properties. Contractors need robust liability limits to cover severe worksite accidents.

Restaurants & Hospitality

Patrons slipping on wet floors or becoming sick due to improperly prepared food are primary risks for restaurants, hotels and other hospitality businesses. Adequate premises and products liability coverage is essential for when employees can’t prevent accidents.

Professional Service Firms

Lawyers, accountants, consultants and other professional service providers exposed to errors and omissions need protection. Liability insurance covers consequences of inadvertent oversights leading to financial harm to clients.

Retail Stores

Shoppers tripping over merchandise or being injured by malfunctioning store equipment can leave retailers vulnerable. Having coverage for premises liability and products claims helps hedge against risk for retail establishments.

The examples above illustrate just a sample of general liability exposures across different industries. Meet with a GUARD agent to discuss the specific concerns relevant to your business.

Components of a Comprehensive Policy

General liability policies contain various components that shape the breadth and depth of coverage:

• Policy limits: This specifies the maximum dollar amount the insurer will pay per claim or incident. Higher limits mean more coverage but also higher premiums.

• Deductibles: As with other insurance, this is the out-of-pocket amount the policyholder pays to cover each claim before insurance kicks in. Higher deductibles reduce the premium cost.

• Additional insureds: Commonly required by property owners and contractors, this extends some policy coverage to other parties as requested.

• Waiver of subrogation: Relinquishes the right to recover claim costs from a third party when required by contract.

• Per occurrence vs. aggregate limits: With per occurrence, the policy pays the full limit for every distinct claim. Aggregate limits cap total payouts under the policy over its entire term.

The ideal general liability policy offers ample coverage limits, flexibility to meet contract requirements, and options to tailor based on your business’ specific needs and budget. An experienced GUARD agent can guide you through all of these variables.

Getting sued, even for frivolous reasons, is a stark reality business owners must be prepared for in today’s excessively litigious society. But companies who avail themselves of comprehensive general liability insurance can rest assured they have an ally in providers like Berkshire Hathaway’s GUARD when they encounter legal threats. Don’t wait for disaster to strike – get covered today and protect the enterprise you worked so hard to build.