Workers compensation California Essentials for New Businesses

1
Understanding General liability insurance in Los
Angeles

• http//www.californiabusinessliability.com/general
  liability.html

2
Understanding General liability insurance in Los
Angeles

• Business owners as well as homeowners residing in
  Los Angeles need to have a clear understanding
  of general liability insurance plans as it is one
  of the most expansive and comprehensive insurance
  protection against any possible threat to
  property and assets both at home and at work.

3
Understanding General liability insurance in Los
Angeles

• It is one of the best plans for protection
  against potential lawsuits and other financial
  and fiscal issues that haunt at work as most of
  the times there may be an overvalued
  reimbursement slap suit that can cost a heavy
  price to the company , in such cases picking upon
  the right coverage is an absolute necessity.

4
Understanding General liability insurance in Los
Angeles

• General liability insurance policies always have
  a maximum amount that the insurer is liable to
• pay during the policy duration. Usually these
  policies also enlist the maximum amount the
  insurer will have to pay per occurrence. For
  example, if a company has a 1 million occurrence
  cap within its liability policy and it has
  successfully sued 1.5 million, the insurer would
  pay 1 million whereas the business would be
  accountable for pay 500,000.

5
Understanding General liability insurance in Los
Angeles

• To cover these situations, many companies acquire
  umbrella liability insurance, which covers areas
  left by their general liability coverage.
  Umbrella liability covers expenses that surpass
  their other policy's limits, and offers added
  coverage for liabilities not covered in the
  standard liability insurance policy.

6
Understanding General liability insurance in Los
Angeles

• In most cases we find that a general liability
  plan can offer coverage on goods and services
  that arise from commercial activities as well as
  takes care of property insurance and coverage in
  the event of destruction of another individuals
  property. General liability insurance in Los
  Angeles is not just limited to the big business
  houses and corporations but also for people who
  choose to work from home with the internet
  facility or a home based business as many
  business owners are also entrepreneurs who wish
  to reduce overhead costs in their commercial
  enterprise.

7
Understanding General liability insurance in Los
Angeles

• Amongst the destruction coverage are included
  personal and bodily injuries, property damages
  and other losses that can bear negative impacts
  on the enterprise, for this a combination of two
  or more policies may be quite helpful in
  sustaining the impact and be more affordable too
  as it would expand to a broad range of protection
  at a convenient price.

8
Understanding General liability insurance in Los
Angeles

• The property section of the plan reimburses for
  any damages caused to the goods or services
  offered by the insured party whereas the
  liability portion provides coverage only for
  feasible lawsuits rising from business activities
  that is responsible for loss of the customers or
  other people. Yet combined General
• liability insurance can make a lot of
  difference in the event of lawsuits.
• More details at http//www.californiabusinessliabi
  lity.com/generalliability.html