General Liability Insurance in Austin, TX

For businesses in Austin, TX, general liability insurance is a crucial financial safeguard against various risks. S&T Duran Insurance Agency can create tailored commercial liability policies.

What Is Commercial General Liability Insurance?

Commercial general liability (CGL) insurance is a fundamental policy for businesses, offering protection against specific liabilities:

• Bodily injury and property damage—This coverage can help pay for costs if your business is responsible for causing third-party physical harm or property damage.
• Legal defense and judgments—This insurance can cover legal expenses and settlements if your business is sued.
• Advertising injury—This policy can protect your business from claims of slander, libel or copyright infringement related to advertising.

While CGL insurance may provide broad coverage, it’s essential to understand your policy’s specific terms and limitations.

Are There Exclusions in This Insurance?

CGL insurance policies often have exclusions that outline scenarios or types of claims that are not covered. These exclusions typically include intentional acts, professional errors, contractual responsibilities, workers’ compensation, pollution-related issues, product recalls, employment practices and data breaches.

To cover these specific risks, businesses need separate insurance policies.

How Can I Lower CGL Insurance Cost?

To lower commercial general liability insurance costs, businesses can:

• Implement strong risk management practices (e.g., employee training and safety programs).
• Maintain a good claims history by preventing and managing claims effectively.
• Adjust deductibles and join industry associations for discounts.
• Bundle policies, improve risk profiles, maintain good credit ratings and explore favorable payment plans.
• Regularly review policies with an agent or broker to ensure coverage meets changing needs.
• Conduct thorough risk assessments with an insurance professional to balance cost savings and adequate protection.

Where to Get General Liability Insurance

For a thorough understanding of these policies and how they apply to your business, consult S&T Duran Insurance Agency. We can assist you in determining the best coverage options to meet your business needs.