FAQ

Q: What is general liability insurance coverage?

A: General liability coverage protects a business and its employees from claims of bodily injury or property damage that occur on the job or on your premises.

Q: Why do I need general liability insurance coverage?

A: General liability coverage is the most basic type of commercial insurance and one of the most important. Most landlords require their tenants to carry it. General Liability coverage protects your company from injury and property damage claims that could seriously impact your business. Every claim can cost you money by paying out the legitimate ones or by defending yourself against the fraudulent ones. Commercial general liability insurance protects you from these lawsuits up to the limits of the policy and provides you the kind of basic peace of mind needed to be an effective business owner.

Q: Why do I need professional liability insurance coverage?

A: Even though professionals always try to do their best for their clients, mistakes do happen; and in a litigious society, lawsuits have become inevitable. Professional liability insurance can cover judgment costs and defense costs. Even the fraudulent claims can cost your business money.

Q: What is inland marine insurance coverage?

A: Inland marine insurance protects against damage to property such as valuable papers, accounts receivable, laptops, fine arts, tools, contractors equipment or any other specialized equipment.

Q: Why do I need inland marine insurance coverage?

A: Almost every business depends on some kind of specialized property to do business, and Phoenix inland marine insurance protects you against loss of or damage to these essential pieces of your business.

Q: What is pollution incident insurance coverage?

A: Pollution incident coverage protects professionals from liability if they cause an environmental incident on the job, such as bursting a sewage pipe or spilling pollutants.

Q: Why do I need pollution incident insurance coverage?

A: Accidents do happen. Many design professionals may face environmental exposure on the job. Pollution coverage provides a layer of security in case something does happen.

Q: What is directors and officers liability insurance coverage?

A: Directors and officers liability insurance provides financial protection for the directors and officers of your company if they are sued in conjunction with the performance of their duties as they relate to the company.

Directors and Officers insurance protects your executives from potential lawsuits resulting from key decisions or management practices-lawsuits that may target their personal assets. You need Directors and Officers liability insurance when you assemble a board of directors, and they will frequently make the coverage a requirement, since a director can be held personally responsible for the acts of the company and will want to be protected rather than putting their personal assets at risk. In addition, having employees leaves management open to employment practices lawsuits which are often covered under D&O policies.

Q: What is employment practices liability insurance coverage?

A: Employment practices liability coverage protects an employer against an employee’s claims of discrimination (age, sex, race, disability, etc.), wrongful termination, and sexual harassment in Arizona.

Q: Why do I need employment practices liability insurance coverage?

A: Employment practices claims have risen in the recent years, and this is where the majority of your exposure will be. In an economy where terminations and layoffs have become common, there is a potential for costly lawsuits. Employment practices suits constitute the single largest area of claim activity under D&O policies which include employment practices liability. Employment practices liability insurance is a practical way to reduce your potential exposures to these lawsuits even when the claims are without merit.