The difference between general and professional liability is definitely something that any business owner will need to be aware of. The majority of businesses in New York will need to retain both of these types of liability insurance coverage, but every situation is unique so you should discuss your individual needs with your insurance provider before making a decision about your liability insurance needs.

General liability coverage is necessary for any business. So much so, that virtually all United States businesses are required to hold this coverage by the laws specific to their state. General coverage is that which protects your business from lawsuits that might be filed when someone is hurt while on the business property. Another thing that general coverage typically encompasses is product liability. If your company produces an item or a service that is consumed or used by the public, there is potential for that item or service to cause damage, for which you would be held responsible. This coverage will also protect you from legal actions from product damage to consumers.

Professional liability is a more specific type of coverage that is geared towards contracts. As a business owner, you will have business obligations that are usually outlined in contracts. If your business fails to meet contractual obligations, and another party suffers some type of damage due to that, this coverage will protect you legally.

Every business has different needs. If you are a Saratoga Springs, Schenectady, or Albany NY business owner, you may feel that the minimum insurance will work well for you – however, a careful perusal of your liability coverage can really help. There is no reason to leave your business, and therefore your future, under-insured. Our agents can give you quotes anytime, free of charge. We want to help you grow your business while being fully protected by a great liability policy!