ABS Insurance & Financial Services is pleased to respond to your inquiries. Business liability insurance protects a business from accidents that result in personal injury or property damage. It is appropriate for businesses or contractors alike.
Frequently Asked Questions (FAQ)
General liability insurance policies cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord’s property.
In State of California minimum Coverage for General Liability Insurance is 500,000
However, most of the companies required to carry $1 million per occurrence and 2 million aggregate
A business owner’s policy, also known as a BOP, bundles general liability coverage with commercial property insurance, which can pay to repair or replace business property that is damaged, stolen, or destroyed.
A Business owners policy typically costs less than if you purchased each policy separately.