General Liability
Provides coverage for the Named Insured (your business entity) for Bodily Injury and Property Damage suffered by a third party (not your employee) and caused by you (or your employee's negligence). This coverage is at your premises, your work place, or even after you have completed your work and months later someone claims to have suffered a bodily injury or some property damage due to you not doing your job correctly.

The limits of liability available are $300,000 per occurrence $600,000 aggregate OR $500,000 per occurrence $1,000,000 aggregate OR $1,000,000 per occurrence $2,000,000 aggregate. The Aggregate limit is the most the company will pay in a 12 month policy term and is usually twice the occurrence limit. Other limits that are provided (at no additional charge) are $50,000 for Fire legal liability and $5,000 Medical payments.

The Rating Basis
Your general liability premium will be calculated based on how many people you have out in the field doing the work that could negligently cause a bodily injury or property damage. Some companies use the number of full time and part time people and other companies use payroll to determine your premium. They will also charge (though at a much lower rate) for your cost of sub-contractors. If you have certificates of insurance on those subs, they will charge the sub-contractor rate. If you do not have a certificate from the sub-contractor - they will charge like he is your employee (which is a much higher rate). These policies are AUDITABLE

This is a brief overview of some key elements of general liability coverage. It is not intended to be a comprehensive analysis, you should always read your policy for complete descriptions of coverage's and limits as well as conditions and exclusions and ask your agent if you have any questions.0