General Liability Insurance

Normally, it is difficult for businesses or general contractors to work without general insurance. General liability insurance is intended to guard operators and owners of companies against claims that may come from a broad spectrum of sources. These exposures could be just about anything, including liability engendered by accidents from the operations of the insured party, contractual liability, products manufactured by the insured party, etc.

The liability you select, whether it is one, two, or three million dollars, determines the cost of general liability insurance. Also factored into the rates are the kind of work undertaken, gross receipts and total payroll expenses. Similar to auto insurance, when it comes to general liability insurance, you will first have to make a down payment and then follow it up with installments. Before buying general liability insurance, it is best to compare the quotes available in the market.

It is the business owner's or general contractor's job to make sure that the people working under him/her are covered by an insurance policy. If for example, a person who is not a part of the project gets injured, the injured person's lawyer can target just about anyone involved in the project. The more individuals that are involved, the greater the chances of a successful lawsuit.

The ISHVAN Insurance agency offers multiple lines of business insurance to suit your company’s insurance needs.

Workers compensation is required by the state of VA, WV and NC for any business with three or more employees, including those operating as corporations, sole proprietorships, limited liability companies and partnerships, obtain workers’ compensation insurance or qualify as self-insured employers for purposes of paying workers’ compensation benefits to their employees. In MD and DC, it is required if you hire just 1 part-time employee. This covers your employees if they are injured on the job and is paid by the employer.

Commercial Auto insures your business vehicles and employed drivers against liability and property damage. Ask us about including Hired and Non-Owned Autos.

A Business Catastrophe or Umbrella Insurance policies includes excess liability to hover over your general liability, commercial auto and/or workman’s compensation policies to provide excess liability. The coverage amounts can be anywhere from $1 – $5 million.

If you have any questions regarding this coverage, please contact us or request a quote.

ISHVAN insurance agency.Offers free, comparative quotes on Business Insurance from multiple insurance carriers so you can get the best possible rate.