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In Reply to: Re: Public liabilty insurance for business? posted by The Answer Man on August 25, 2003 at 21:43:29:
You need to contact a property/casualty insurance agent. Look for the "Independent Agent" symbol, as those agents will get you the best deal with the best companies (in my opinion). Most commercial insurance policies are sold by independent agents.
The agent can also help you with other insurance needed for your business, including workers compensation and business auto, as well as property insurance for your manufacturing facility. Even if you are making these at your home, you need a commercial policy; there is only limited coverage available under your homeowners policy for business property.
The policy you appear to be asking about is a Commercial General Liability Policy. As your agent about available coverages for products liability and completed operations.
: : I am starting a business venture attaching aluminum advertising signs on to and around gas station pumps. These signs will be securely attached. However, in the off chance that one of the sign should break off and hit someone, I would like to have a "public liability" insurance policy set up to protect myself and the gas station owner.
: : Can anyone give me advice about this?
: OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
: Sure you can purchase a Product Liability policy. Many manufacturers have it. Not only does it pay for bodily injury, it also pays for property damage due to a defect in the design or constuction of your sign if it comes down as you have described.
: A Product Liability policy is not a personal lines policy such as homeowners or a family auto policy. It is considered a Commercial Lines policy. You should be able to obtain one at most Property and Casualty Offices.
: Now you can expect some "Dufuses" to challange the information in this reply to you, but it is not because the information I have supplied you with is erroneous, it is because I posted it and they don't like me because I expose Charlatans. :)
: After posting many messages stating that he was not cut out for the insurance and financial services industry and that is one of the contributing factors why he left Primerica after only eight months, now he is saying that he has changed his mind and he want's to obtain information surrounding AXE and AG Edwards because he finally wants to learn about being an insurance and financial advisor which previous he has never been although he posts messages saying that he is. Really bizarre, huh?