Erie Insurance Liability Coverage for Businesses and Contractors

Erie Insurance offers a range of liability coverage options for businesses and contractors, including general liability insurance and professional liability insurance.

Businesses with a physical storefront or office may benefit from Erie's general liability insurance, which can help protect against accidents and injuries on the premises.

This type of insurance can also cover damage to property and equipment, as well as provide protection against slander and libel claims.

Erie's professional liability insurance, on the other hand, is designed for businesses that provide services, such as contractors, consultants, and healthcare professionals.

This type of insurance can help protect against claims of negligence or malpractice, and can also cover costs associated with defending against lawsuits.

Erie's liability coverage options are often customizable, allowing businesses to tailor their coverage to their specific needs and risks.

Businesses can also add additional coverage options, such as umbrella insurance, to provide extra protection against large claims or lawsuits.

Accidents can happen, and some mistakes are more costly than others.

Mistakes can be made by employees or even yourself, and they can result in serious harm to someone.

A major claim has the potential to threaten the existence of your business.

Business owners need to protect themselves with extra liability insurance to have peace of mind.

Business umbrella liability insurance provides an additional layer of coverage above and beyond other types of insurance.

This extra layer of protection can be especially important if you have employees or own a business with a high risk of accidents.

Having extra liability insurance can give you the confidence to focus on running your business without worrying about the financial consequences of a mistake.

Erie Insurance offers a range of liability insurance options to protect your business and assets.

Business umbrella liability insurance from Erie Insurance provides an extra layer of coverage, up to $1 million or more, to help shield you from costly claims. This extra layer can cover a wide range of situations, including injuries, damages, or other claims related to car accidents.

Liability insurance from Erie Insurance also covers medical costs, lost wages, pain and suffering, funeral expenses, and repair or replacement costs of damaged property. This includes the other driver's vehicle and any other damaged property.

If you're found at-fault for an auto accident, liability insurance can help cover the other person's expenses, so you won't have to come up with the cash. This can include medical costs, lost wages, and repair or replacement costs of the other driver's vehicle.

Here are some specific examples of what liability insurance from Erie Insurance can cover:

In addition to these specific examples, liability insurance from Erie Insurance may also cover your legal bills if the other driver or their insurance company ends up suing you.

Risk management is a crucial aspect of business operations, and having the right insurance coverage can make all the difference. Liability insurance from ERIE can help protect your business from financial losses due to unforeseen events.

Liability insurance covers you if you're found at-fault for an auto accident, which can include medical costs, lost wages, pain and suffering, funeral expenses, and repair or replacement costs of the other driver's vehicle. Liability may also cover your legal bills if the other driver or their insurance company sues you.

Liability coverage limits can be a concern, as they may not be enough to cover all expenses. For example, if your bodily injury coverage is set at $25,000 per person and $50,000 per accident, you may still be responsible for the remaining costs if the driver's hospital bill exceeds the limit.

Product liability insurance may provide coverage for design defects, manufacturing defects, marketing defects, strict liability, and improper warning or instructions. However, it may not cover every possible risk, and exclusions may apply to scenarios such as workers' compensation insurance, product withdrawal coverage, and technology or cyber liability insurance.

Business umbrella liability insurance coverage from ERIE offers an extra layer of protection, providing $1 million or more of coverage above your primary liability policy's coverage. This can help protect your business from serious and costly claims, including injuries, damages, or other claims related to car accidents, libel, slander, and property damage.

To help reduce risks, ERIE offers assistance from a risk control consultant who can evaluate your business's potential risks and recommend measures to help reduce them. This can include evaluating your business operations, identifying potential hazards, and implementing safety protocols to minimize the risk of accidents or injuries.

As a business owner, it's essential to consider the risks associated with hiring contractors for your projects. Contractor Liability Coverage is a type of insurance that protects your business from third-party claims.

This coverage specifically addresses claims alleging bodily injury and/or property damage caused by your business's operations or completed work.

Erie Insurance offers Errors and Omissions (E&O) coverage, also known as professional liability, which protects your business if your work is done incorrectly or negligently. This coverage is available as an additional purchase.

This type of coverage is crucial for businesses that provide services where errors can lead to financial losses or damage to others. For example, if you're a contractor and your work doesn't meet industry standards, E&O insurance can help cover the costs of rectifying the issue or paying damages to the client.

Manufacturer's Error & Omissions Coverage is also available, providing similar protection for businesses that manufacture products. This coverage is designed to protect your business in case your products are defective or don't meet expectations.

Here are some key benefits of E&O insurance:

Erie Insurance's Employment Practices coverage is designed to protect you and your business in the event of employee claims. This coverage is available for purchase as an additional coverage.

If an employee claims to have experienced employment discrimination, wrongful termination, or sexual harassment, Employment Practices Liability Coverage can help safeguard your business.

Available as an additional coverage, this protection can provide peace of mind and financial security for you and your business.

Employment Practices Liability can help shield you and your business from the financial consequences of these types of claims.

Erie Insurance Liability Coverage provides protection for your business in various situations. This coverage is especially useful for businesses that frequently use leased, hired, or borrowed vehicles.

Erie Insurance covers liability arising from autos you lease, hire, or borrow, or autos of your employees being used in connection with your business. This means you're protected if one of these vehicles is involved in an accident.

The coverage also includes increased costs of complying with building codes, which regulate construction and repair of damaged buildings after a covered loss. This can be a significant expense, and Erie Insurance helps to mitigate it.

If you're unsure about the specifics of your business's liability coverage, it's a good idea to review your policy with an insurance professional.

Product liability coverage is a crucial aspect of insurance that protects businesses from costly lawsuits. It pays for damages and legal defense fees if a customer sues for being injured by a product you produced.

If a customer is injured by a product, they may name you in a lawsuit, which can be devastating to your business. Product liability coverage helps you cover the costs of damages and legal defense fees.

This type of coverage is essential for businesses that manufacture or sell products, as it can save you from financial ruin.

Manufacturer's Error & Omissions is a type of coverage that offers protection if the work you perform was done incorrectly or negligently. This coverage is available for purchase as an additional coverage.

If you're a manufacturer, this coverage is especially important, as it can help protect you from costly lawsuits if a product is defective or causes harm to someone. You can purchase it as an additional coverage to your existing policy.

Manufacturer's Error & Omissions Coverage provides protection for your business, your drivers, and your products. It's available for purchase as a separate policy, and it's a great way to safeguard your business against potential risks.

Here are some key things to know about Manufacturer's Error & Omissions Coverage:

By having Manufacturer's Error & Omissions Coverage, you can have peace of mind knowing that your business is protected against potential risks and liabilities.

Erie Insurance Liability Coverage covers liability arising from autos you lease, hire, or borrow or autos of your employees being used in connection with your business.

This type of liability coverage is essential for businesses that use vehicles for work, as it protects against potential lawsuits and financial losses.

Erie Insurance Liability Coverage also covers increased costs of complying with building codes which regulate construction and repair of damaged buildings after a covered loss.

This means that if a business is required to make repairs or upgrades to a building after a covered loss, Erie Insurance will help cover the additional costs of complying with building codes.

Liability arising from autos you lease, hire, or borrow is a significant risk for businesses, and Erie Insurance Liability Coverage can provide peace of mind and financial protection.

In Ohio, the minimum liability coverage for bodily injury per person is $25,000.

The state's minimum liability coverage for property damage is $25,000.

The average liability claim for bodily injury was $16,110 in 2016, according to the Insurance Information Institute.

You may find that the state's minimum liability coverage is not enough to protect you financially, especially if you live in one of the seven states where the minimum bodily injury per person is set at $15,000.

Consider increasing your liability coverage to account for unexpected costs, such as medical expenses or vehicle repairs.

If you're found at fault for an auto accident, your liability insurance will kick in to cover the other person's expenses. Liability insurance covers medical costs, lost wages, pain and suffering, funeral expenses, and repair or replacement costs of the other driver's vehicle.

Liability coverage limits are set by the state, and they can be a real concern if you're involved in a serious accident. For example, let's say you have bodily injury coverage at $25,000 per person and $50,000 per accident.

The first $25,000 of the driver's hospital bill would be covered, and you would likely have to come up with the remaining $5,000. If there are multiple passengers in the crash who also got hurt, the expenses could easily exceed the minimum limit set by the state.

Here's a breakdown of what liability insurance covers:

Erie Insurance liability coverage provides protection for various scenarios, including accidents and product-related issues. Liability insurance covers expenses related to an auto accident, such as medical costs, lost wages, and repair or replacement costs of the other driver's vehicle.

Medical costs are just one aspect of liability insurance coverage. If you're found at-fault for an auto accident, liability insurance will cover the other person's medical expenses, which can include pain and suffering.

Liability insurance also covers funeral expenses, which can be a significant financial burden. For example, if you're involved in an auto accident and the other driver is killed, liability insurance will cover their funeral expenses.

Liability insurance may also cover your legal bills, should the other driver or their insurance company end up suing you. This can be a huge relief, especially if you're not at fault for the accident.

Product liability insurance, on the other hand, provides coverage for scenarios where a business is potentially held liable for losses or injuries suffered by a consumer. This can include design defects, manufacturing defects, marketing defects, and strict liability.

Here's a breakdown of what's covered under product liability insurance:

Choosing the right product liability coverage is crucial to protecting your business. Ensure your policy covers claims made in the countries where your products are sold.

Your business's risk exposure and potential liability should guide your decision on coverage limits. Evaluate your business's risk exposure and potential liability to determine the appropriate coverage limit.

Working with a knowledgeable agent is essential to getting the right coverage. Make sure you're dealing with an insurance agent who understands your business and is well-versed in all the types of coverage your business may need.

To give you a better idea of the potential costs, consider that your business may require up to several million dollars in product liability coverage, depending on the type of products you offer and the size of your business.