DBA Insurance Agent
DBA Insurance

What is General Liability Insurance?

General Liability is used to protect your corporate assets against injury to other and property damage. Business operations on your physical location(s) or client location(s) may foster claims including bodily injury, property damage, personal injury and others that may lead to costly defense costs or judgments.

In other words they broke or damaged something or accidently hurt someone. It’s also there in case someone gets hurt while in or on your place of business or where you conduct operations.

General Liability is one of three insurance requirements for government contractors. Unfortunately, the options made available and the associated premiums, may be challenging due to a variety of reasons. Here are the top 4 reasons General Liability insurance may be difficult or costly to obtain…

The insurance professional is not familiar with government contractors and try to align with other “commercial” companies.

The operations have not been properly articulated to the underwriter.

Websites promote a wide variety of exposures that simply are not present, i.e., firing weapons, security operations, or images of dangerous occupations.

Government contractors with a wide variety of NAICS code, underwriters tend to be weary and less interested in presenting a quote. And if they do, it may be riddled with exclusions, or things the insurance company doesn’t want to cover. I suggest reviewing your general liability policy for exclusions along with the proper limits to be contractually compliant.

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