Liability Insurance Forms: What You Need to Apply for General Liability
When filling out a commercial insurance application, you may need to provide basic information about your business, its operations and history, and your revenue.
Insureon’s streamlined online insurance application makes this process fast and easy, but you can speed it up further by having certain information ready when you apply for general liability insurance.
What information does the commercial general liability application form require?
Though applications differ from insurer to insurer, applicants often need the following information when they apply for general liability insurance from Insureon:
- The location of the business.
- The business name.
- When the business began under its current ownership.
- The number of employees.
- Business partners.
- An estimate of the business's revenue for the upcoming year.
- Basic contact information for yourself and the company.
- Number of years you've worked in the industry.
- Details about business operations and occupational hazards (e.g., handling dangerous chemicals, performing onsite installations for clients, etc.).
- Insurance history and prior claims.
- The coverage amount (options typically range from $300,000 to $2,000,000 for small businesses).
For the coverage amount, make sure to check your commercial lease, if applicable. Some landlords require you to carry a certain amount of liability coverage.
While most of the questions on a general liability insurance application are fairly straightforward, be aware that you will be asked whether any corporate officers have been convicted of a felony and whether the company has had any issues that might lead to a lawsuit. These can be sensitive subjects, so ask your business partners tactfully.
Insurance paperwork you receive after you apply
After you complete a general liability insurance application, you will receive the following forms:
- Insurance quotes. Quotes are estimates of how much your insurance premiums will cost each year and the dollar amount of coverage the insurance company offers. A quote also summarizes the type of coverage your general liability policy offers (e.g., bodily injuries, third-party property damage, product liability, etc.) and its endorsements (i.e., add-on coverages that aren’t part of the standard general liability policy form).
- The insurance policy. An insurance policy is a 50- to 100-page document that defines what your insurance company will pay for. Your policy sets the coverage limits, deductible, premium, and other insurance details.
- Certificate of liability insurance. An insurance certificate is your proof of insurance. It summarizes your policy’s coverage and other key details, including your insurance provider and the policy term. Clients and landlords may require this certificate before you sign a contract or lease. Sometimes they need to file a copy of your certificate with their own insurance providers.
Now that you know what to expect from the application process, apply online with Insureon for free general liability quotes from top-rated insurance companies. Most businesses can get insured within 24 hours and receive proof of coverage immediately.