General liability and employment practices liability are two of the most sought after forms of business insurance. The following information about these types of Vista commercial insurance can help you understand the major differences between the two and why getting both can protect your business as much as possible from a variety of potential risks.
This form of insurance protects your agency’s assets and covers the cost of a legal defense should you be sued, and it also covers settlements in the event the suit is successful. For example, if a person is hurt on your property or an injury occurs that is caused by you or one of your employees, having this type of insurance keeps your agency’s assets secure and pays for things such as medical costs. General liability insurance can also safeguard you from liability as a tenant should you destroy any part of the property you rent for your business. It can also cover any claims of deceptive advertising like slander and copyright infringement. Though this form of insurance covers a variety of risks, it may not safeguard you and your business from all liabilities. Depending on your trade, you may want to consider also getting employment practices liability coverage.
Employment Practices Liability
This type of insurance was created specifically to protect professionals and business owners from lawsuits brought on by their employees and in the case of negligence, malpractice, and mistakes that occur while doing business. It covers a wide range of situations general liability insurance simply doesn’t cover, such as discrimination, wrongful termination, breach of contract, and emotional distress. Having Vista employment practices liability insurance offers your agency protection from lawsuits having to do with drug tests with false positive results, hour and pay violations, and statute violations. It also safeguards you from lawsuits brought on by employees claiming they were wrongfully refused workers’ compensation.
These are just a few options your business has for commercial insurance. To learn about the other options your agency might need, get in touch with American Tri-Star Insurance. In addition to commercial insurance, we also offer health, homeowners, RV, and auto insurance Vista residents can trust. Call 760-758-1600 today to speak with one of our knowledgeable agents and receive a free quote.