General liability insurance, also known as “commercial liability insurance,” is a comprehensive commercial insurance policy that provides coverage for various liability exposures faced by businesses. This coverage extends to protect businesses from financial losses resulting from property damage, personal injury, or advertising injury caused by their services, business operations, or employees. At Paul Branham Agency, we strongly recommend that all businesses have general liability coverage in place to safeguard their interests and assets.

In addition to general liability coverage, there are several other types of liability insurance that businesses may want to consider, depending on their specific needs:

1. Professional Liability Insurance (Errors & Omissions – E&O): E&O insurance offers protection to professionals against negligence, errors, or omissions that may harm their clients or cause damage to a third party’s data. This type of coverage is particularly crucial for licensed professionals such as accountants, attorneys, insurance agents, architects, engineers, and technology companies. Paul Branham Agency advises all professional and technology companies to have E&O coverage in place.

2. Employment Practices Liability Insurance (EPLI): EPLI insurance is designed for employers and provides coverage for employment-related liabilities that do not involve on-the-job injuries. This includes legal fees and damages for lawsuits related to wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights. If your business has employees, it is advisable to consider EPLI coverage.

3. Directors and Officers Insurance (D&O): D&O insurance protects directors and officers of a company from claims arising due to negligent acts or omissions and misleading statements that lead to lawsuits against the company. Various types of D&O coverage are available, including corporate reimbursement coverage, personal liability, and entity coverage. D&O policies can also be expanded to include coverage for employment practices liability.

At Paul Branham Agency, we understand that each business is unique and may require different liability coverages to address its specific risks. We offer tailored insurance solutions to ensure that your business is adequately protected against liability exposures. Contact us today to discuss your business insurance needs and explore the right liability coverage options for your company. Your peace of mind and the protection of your assets are our top priorities.