General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.
General liability insurance is often the first policy that building design professionals consider. If a client is injured while visiting your office, or you accidentally damage a client’s property, general liability insurance can help cover the costs. This policy is often required when you sign a commercial lease.
This policy provides liability coverage at your office related to:
If you run a small building design company, you may be able to bundle general liability insurance with commercial property insurance in a business owner’s policy. A BOP costs less than purchasing each policy separately. Businesses that are eligible for BOPs typically:
Talk to a licensed Insureon agent who specializes in the building design industry to find out if a BOP fits your business.
If a client slips on a wet floor at your office and sues over the injury, you could be held responsible for medical expenses – plus the cost of hiring a lawyer. General liability insurance covers:
Note that this policy does not cover employee injuries. For that, you’ll need workers’ compensation insurance.
General liability insurance can protect your business when customer property is damaged. That means if an engineer accidentally drops a client’s laptop or an architect spills coffee on a client’s pristine white couch, your general liability policy could help pay for the cost of replacing the damaged property.
If there is a disagreement regarding more expensive repairs, general liability could cover attorney’s fees or a court-ordered judgment.
While marketing your company and its services, it’s important to avoid copying a competitor's slogan or design. If you do, even if it wasn’t on purpose, you could face a lawsuit. Accidental advertising injuries are covered by general liability insurance. That includes:
If you use advertising or promotional materials to market your building design company, make sure your insurance includes this protection.
While general liability insurance covers many risks of running a business, it does not provide complete protection. Building design professionals should also consider:
Professional liability insurance: This policy is critical for building design professionals who provide expert advice. It can cover legal costs of lawsuits related to work performance.
Workers’ compensation: This policy is required in most states for businesses with employees. It can cover medical expenses if an employee is injured on the job.
Cyber liability insurance: This policy helps architects, engineers, and other building designers recover financially from data breaches and cyberattacks.
Commercial auto insurance: This policy helps cover costs if your business vehicle is involved in an accident. Each state has its own requirements for auto liability insurance.
License and permit bonds: Architects and engineers may need a license or permit bond to work in their state, or to take on certain projects.
Are you ready to protect your building design business with general liability insurance? Complete Insureon’s easy online application today to compare quotes from top U.S. carriers. Once you find the right policy, coverage can start in less than 24 hours.