General liability insurance covers a lot for a business but it doesn’t cover everything.
It won’t cover business-related liability insurance auto accidents, employee injuries and illnesses, damage to your business property, mistakes in professional services, claims that exceed your policy limit or illegal acts by you or your employees.
For these kinds of liability claims, you’ll need different types of business insurance, including:
Employee injuries and illnesses. You need workers compensation insurance to provide coverage for employee injuries.
Auto accidents. For auto accidents while doing business, a commercial auto insurance policy financially protects you if you own the car. A hired or non-owned auto insurance offers protection if you use a personal car or rented car for work.
Professional mistakes. An errors and omissions insurance (E&O) policy provides coverage if you make mistakes in the course of your work. An E&O policy is sometimes called professional liability insurance.
Theft and damage to your business property. General liability insurance won’t cover your business equipment or property against theft or damage. You need a commercial property insurance policy to cover these types of problems.
Insurance won’t cover intentional acts, such as a computer you throw out the window. And general liability insurance won’t help if there are deliberate, illegal acts or wrongdoings by you or your employees.
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