Excess Liability Insurance

In the event of an accident with a customer, employee or member of the public on company grounds, property liability covers the legal costs. Other types of insurance can also work with property liability, such as excess coverage to help with costly court judgments.

An accident on the property of a small business could mean serious financial problems and possible bankruptcy depending on how the court rules. Property liability insurance protects the landowner and can often pay for most, if not all of court and lawyer fees. Due to the different aspects of property liability, insurance agents often work with wholesale brokers to find the most complete umbrella package.

Property Liability Insurance Benefits From Additional Fields

Some industries, such as construction, may require business assets that are frequently transported from one area to another for work. In these cases, property liability insurance may not cover accidents that are farther than a few hundred feet from the primary location. Inland marine insurance can be added to the property coverage so that items in transit and at temporary locations are also insured.

Many types of umbrella coverage can be written on to property liability insurance to completely protect a business from damaging lawsuits. It's the employers' responsibility to be sure that all risks are covered, but the agent and wholesale broker can identify these factors. Adco General sells commercial property liability insurance and can provide different payback options. Email Adco to discuss financing a client's insurance needs.