General Liability or Professional Liability
Business or General Liability Insurance
General Liability Insurance (GL) policies protect against negligence claims from clients, employees, vendors, contractors or other third parties GL policies cover general liability, bodily injury, property damage, personal injury, advertising injury, liquor liability, contractual liability, loss of services, public liability, products-completed operations and, on some policies, employment practice liability and data breach liability.
GL policies include additional coverage for the cost to defend and associated expenses, costs for judgments or settlements from a covered claim and associated medical costs for claimants. GL policies usually start with split limits as low as $1,000,000 single occurrence and $2,000,000 aggregate for any covered loss.
GL coverage can be part of a Business Owner Policy (BOP) or purchased as part of a Commercial Package Policy or as stand-alone coverage depending on the situation and business need.
TWFG represents a number of companies that offer GL coverage. It is important that the policy and coverage you select matches your business needs. Our TWFG, Alamo City Agency is unique in that we also work with numerous brokers and specialize in providing liability to nearly 99% of business industries that come through our doors. Have you been told "no" to liability due to your business type? (unique, high risk, specialized industry) ~ then you've come to the right place!
Professional liability insurance or professional indemnity insurance policies help protect businesses or organizations from possible negligence claims or lawsuits for services they provide. Claims are usually for negligence, good faith, errors, omissions, misrepresentation or incorrect advice.
Typical professions that obtain this type of coverage are general contractors, construction trades, doctors, financial professionals such as insurance agents and CPA’s, consultants, software developers, architects, engineers, brokers and lawyers. Charitable and non-profit organizations also often purchase professional liability policies.
Common names for this type of insurance are: professional liability, errors and omissions (E&O), directors and officers Liability (D&O) and malpractice.
TWFG represents a number of companies that may offer professional liability coverage for your business or organization. It is important that the policy and coverage you select matches your business needs. By working with our office, you can avoid gaps in coverage and determine which company and policy is right for your business.