Liability Insurance Overview


APLAZ
Manages and administrates Liability insurance for your business.

Liability insurance also known as Commercial insurance protects you in the event you are sued for claims that come within the coverage of your liability insurance policy. If you are a small business owner, there are many reasons why you should learn more about what commercial insurance means to you.

What kind of insurance is best for your small business?

The insurance you choose depends upon the details of your business. Some people choose professional liability insurance some choose general liability insurance and many select both.

General liability insurance also known as Commercial General Liability (CGL) protects your business from another person or business’s claims of bodily injury, associated medical costs and damage to property. Some examples of what could be covered are below:

  • Bodily injury: A client falls over your bag and you are legally liable for the injury. We will cover the subsequent claim and related medical expenses up to your General Liability policy’s limits of liability.
  • Property damage and data loss: You spill coffee on a client’s server causing damage and loss of data. We will cover the subsequent claim up to your General Liability policy’s limits of liability.
  • Personal injury: One of your employees is at lunch. He talks to the owner of the shop about one of your clients in a false and unflattering way. The client learns of this discussion and sues for slander. We will cover the subsequent claim, up to your General Liability policy’s limits of liability, and pay for an attorney to defend you if necessary.

Learn more about general liability insurance

Professional liability insurance, sometimes called errors and omissions insurance (E&O insurance) is coverage for another person’s claims against businesses that provide professional and personal services. Some examples of what could be covered are below:

  • Protection even if you haven’t made a mistake: You advise a client to change some internal processes to increase productivity. The recommendations aren’t implemented as you had specified and productivity subsequently drops by 15% rather than improving. Or if you manage the development of a new product. There are problems with the project (which are out of your control) and you cannot deliver the final product in a timely manner. If your client sues you, we will appoint an attorney to defend you under a Professional Liability policy.
  • Negligent acts: You advise a client to update their employment practices. Six months later, your client contacts you, stating a part-time employee is suing the company. You had left out a key requirement on the amount of hours part-time employees are permitted to work. If your client sues you, we will appoint an attorney to defend you under a Professional Liability policy.

Learn more about professional liability insurance

Business Owners Policy (BOP) is a combination of general liability and business property insurance. BOP insurance is often used to provide balanced coverage for small businesses who also want to protect their own business equipment. Some examples of what could be covered are below:

  • Office insurance for fire and business interruption.
  • Electronic data loss insurance.
  • Hired or non-owned vehicle liability insurance.
  • Commercial Crime insurance to cover the dishonesty of your employees.

How Aplaz can help you:

  • Flexible payment options: We offer you the option of making monthly payments (with no fees) to help you manage your cash flow.
  • Tailored Insurance: Insurance custom tailored to meet your needs and save you money.
  • Claims responsiveness: When a covered claim is reported, the insurance company will immediately defend you even if the claim has no basis and, if necessary, appoint an attorney.
  • Worldwide coverage: Insurance should protect you for work done by your business anywhere in the world, as long as the covered claim is filed in the United States, a U.S. territory or Canada.

Aplaz works with insurance brokers to secure insurance products from carriers that are rated ‘A’ (Excellent) by A.M. Best. Get a fast, free quote now.

For more information on APLAZ Liability Insurance, contact a payroll administration service specialist at (650) 557-3797 or click the contact button: