Businesses from small to large have so many demands to meet each and everyday. If you are a start up business all the way to a large enterprise business, Golden Compass can tailor products to meet your every need. We negotiate insurance requirements with Landlords and Vendors on an everyday basis, in turn our customers are not paying for frivolous insurance or insurance coverage they don’t need. Here at Golden Compass we are all about building relationships, please feel free to call or email us for a free insurance review.
General Liability Insurance
General Liability Insurance protects businesses from another person or business’s claims of bodily injury, associated medical costs and damage to property. General Liability policies cover claims in four basic categories of business liability:
- Bodily Injury – A client trips and falls over your briefcase and you are legally liable for the injury. General Liability will cover the subsequent claim and related medical expenses up to the policy’s limits of liability.
- Property Damage and Data Loss – You spill liquid on a client’s server causing damage and data loss. General Liability will cover the subsequent claim up to the policy’s limits of liability.
- Personal Injury – One of your employees is at lunch, and he talks to the owner of the shop about one of your clients in a false and unflattering way. The client learns in the discussion and sues for slander. General Liability will cover the subsequent claim up the policy’s limits of liability, and will also pay for an attorney to defend you if necessary.
- Advertising Injury – Comparing products in your advertisement and using a photo of your competitor’s product and making a false claim about the their product. The competitor sues your business for defamation, trademark infringement, etc. General Liability will cover the subsequent claim up to the policy’s limits of liability, and will also pay for an attorney to defend you if necessary.
Professional Liability Insurance
Professional Liability Insurance is also known as errors and omissions (E&O Insurance) is coverage for another individual’s claim against a business and provides professional and personal services.
Employment Practices Liability Insurance (EPLI)
EPLI provides coverage for defense costs and damages related to employment-related claims, including allegations of Wrongful Termination, Discrimination, and Retaliation deriving from the employer-employee relationship.
Workers’ Compensation protects employers against losses due to work-related accidents and illnesses and provides the injured employee with benefits to compensate for lost work.