What is General Liability Insurance?

General Liability Insurance is something small businesses may need. Often it is requested by a customer (or the company hiring you as a contractor).

General liability insurance is designed to cover any loss (damage) that may result from an accident caused by you while you are working in someone else’s place of business.

Proof of General Liability insurance is conveyed on an “Acord” form. This is a form that they insurance company will make. This is not a form that you get to fill-out.

Your customer will want to be listed as a “Certificate Holder”. And, they might also ask to be an “Additional Insured”. Each Acord form is made individually for each requesting customer (your customer).

The insurance premiums will vary widely depending on the type of business. The greater the risk, then the higher the premium.

Business General liability insurance is NOT the same as Errors and Omissions insurance . People sometimes get these confused but they are very different things.



Comments (11)

  1. Can you tell me more about the non owned auto insurance? The van is insured under state farms but it is not under my name, it is under my brother. Can I add it to my policy if I use it?

  2. when you do get sued by someone getting hurt due to your services does the general liability kick in as a regular car accident claim and cover expenses to be paid? No courts or lawyers do they provide those services.

  3. On a scale 1-10 of helpfullness… 11. Thank you! 🙂

  4. Do you have to have a DBA or an entity to get insured? Do you also have to ask permission to the city in order to be insured?

  5. did you say 'inspiring' entrepreneurs? ( should be 'aspiring')

  6. Cheers for the Video clip! Excuse me for chiming in, I would love your opinion. Have you heard the talk about – Rozardner Successful Handyman Reality (should be on google have a look)? It is a great one of a kind guide for how to start a handyman business without the hard work. Ive heard some awesome things about it and my mate got great success with it.

  7. here's a few tips to think about before you setup a cleaning business
    Will you get support from you family?
    Are you someone who is self-motivated?
    Will you carry out your plan?
    Do you have the funds to start?
    (I read these and why they work from Ayalisse Clean Biz site )

  8. Thank you so much sir! This video made me understand and get a clear picture of what a C.O.I. is. One question though, on the bottom left where it states Certificate holder if I decide to do work for several municipalities would I be charged by my agent to do one for each city? Or is there a more efficient way to have all different city Certificates uploaded to a cloud and have them stored in an electronic device? Thanks for you're wisdom!

  9. Sir very Nice video , i need your help please , i have a problem in analyzing an email sent by a party / brokerage firms in identifying the parties like who is insured , certificate holder , additional insured , can you help me in understanding the analyzing the email with an sample email or case studies .

    Thanking You Sir

    Phanedra .

  10. Nice Job. This was very helpful.

  11. Thanks so much for posting. Your channel is very valuable!

Leave a Reply

%d bloggers like this: