Local businesses form the backbone of the community and need to be protected with the right General liability insurance (GLI) in Hawaiʻi. However, without all of the information you need, understanding and choosing the right GLI policy can be difficult.
To help, here are questions you should ask before making a decision.
1. What Does General Liability Insurance Typically Cover?
General liability insurance provides coverage for businesses for claims of property damage, liability, or other incidents. Most GLI policies include the following protections:
- Third-party bodily injury
- Third-party property damage
- Advertising injury
- Reputational harm
Remember, coverage can be different depending on the needs of each business, so it’s important to understand what your policy includes and excludes.
2. What Isn’t Covered by General Liability Insurance?
Standard policies usually exclude:
- Auto accidents
- Employee injuries
- Faulty workmanship
- Punitive damages
- Professional mistakes
- Intentional acts
Carefully review your policy’s exclusions to fully understand your coverage.
3. How Much Liability Coverage Does My Business Need?
An experienced insurance agent can help you choose the right amount of coverage. They can review your business type, size, customer base, employee count, and location to recommend the right level of insurance. All businesses should regularly review their coverage to determine if the policy should reflect any recent changes.
4. Is General Liability Insurance Sufficient?
Although GLI covers most risks, it may not be enough for total protection. Consider these additional policies:
Workers’ compensation insurance: Required in Hawaiʻi and covers work-related injuries.- Commercial auto insurance: For businesses using vehicles.
- Cyber insurance: Protects against data breaches and cyber threats.
- Professional liability insurance: Coverage for claims of negligence or professional errors.
Consult with an insurance agent to explore these options.
5. How Are Insurance Claims Handled?
Before choosing a policy, it is important to also consider the insurance provider. The claims process varies between providers; be sure to ask insurers about their general timeframe for claim processing and if these are handled locally. Quality customer service is as important as policy rates.
Reach Out to Atlas Insurance Agency About General Liability Insurance
Choosing the right general liability insurance in Hawaiʻi requires careful consideration. At Atlas Insurance Agency, we’re committed to helping businesses navigate these decisions.
Our team understands local risks and offers tailored solutions to safeguard your business. For more information or to get a quote, reach out to our team at (808) 400-6634.