Choosing The Right Health Insurance PlanChoosing The Right Health Insurance Plan


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Choosing The Right Health Insurance Plan

Hello, my name is Eric Coleman and I've written this blog to inform others about health insurance. Purchasing this type of insurance can be confusing, but it is very important that people know exactly what their insurance policy covers. When I was ready to purchase my health insurance, I didn't have any idea about what type of coverage I needed. Before I visited an insurance agent, I did hours and hours of online research to learn insurance terms and to find out about the kinds of policies that are available. The insurance agent also answered my questions so that I would fully understand what I was buying. Since getting the right health insurance is so important, I decided to write this blog to help others understand what type of policy they need and what is covered.

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Not So General: Commercial General Liability Exclusions

Commercial general liability (CGL) insurance protects your business from those who allege that they have suffered losses because of your business activities. It is one of the most common and valuable forms of commercial insurance coverage. Unfortunately, the term "general" isn't to be taken literally to mean that it includes all kinds of business liabilities. Just like other forms of insurance, CGL includes different exclusions, such as these four:

Pollution Claims

Don't expect CGL to come to your rescue if you have been sued for dumping toxic wastes in the local river. Pollution related claims are excluded from CGL, although some insurance companies provide limited coverage. If you need coverage against such claims, then you are better off purchasing a relevant endorsement. Note that the definition of "pollution" may vary by jurisdiction. Therefore, read your policy and get clarity on the included and excluded risks, especially those that your business is likely to incur; don't assume anything.

Damages or Injuries Arising from Automobile Use

Standard CGL doesn't typically apply if your aircraft, motorcycle or van damages another person's property or causes injury. There are separate policies, such as commercial auto insurance coverage, meant for such risks. However, you can opt to include auto liability coverage under CGL if you so wish; it isn't automatic.

Claims Arising from Workers' Claims

Your workers may have genuine claims against your business, but these claims won't be settled by your CGL carrier. These claims are typically paid by the worker's compensation insurance. CGL will not come to your rescue (for worker injuries) even if you don't have workers compensation insurance.

Alcohol Related Claims

Lastly, if your business deals (sells, brews or serves) in liquor, your CGL will not settle any claims that can be traced back to your liquor. For example, if you sell liquor in your restaurant, and a client is injured by another intoxicated client, CGL will not pay when the injury victim sues you under dram shop laws. Therefore, if your business is going to deal in liquor, talk to your insurance agent for clarification and buy the relevant coverage for your liquor activities.

As you can see, CGL isn't an all-encompassing form of insurance coverage that will protect your business from all kinds of injury lawsuits. It's a great place to start, yes, but you should then take the next step and buy the necessary endorsements or separate policies to ensure that you are fully covered. Talk to an insurance agent today to explore your options. For more information, contact a business such as Austin Insurance Agency.