Protect your business
Key areas of business liability insurance coverage
Business liability insurance can address a range of risks, from third-party injuries and property damage to professional errors, cyber incidents, and corporate mismanagement. The right combination of coverage will depend on your industry, operations, and specific exposures.
Commercial General Liability
Commercial general liability helps protect your business against third-party claims involving bodily injury or property damage resulting from your operations, as well as certain personal and advertising injury claims.
Professional Liability
Also known as errors and omissions insurance, professional liability helps protect your business against claims alleging financial loss resulting from your professional services, errors or failure to provide services.
Directors and Officers Liability
Directors and officers liability helps protect directors and officers against claims alleging financial loss caused by corporate mismanagement, helping safeguard their personal assets when they are sued in their individual capacity.
Cyber Liability
Cyber liability helps address financial losses arising from cyberattacks and privacy breaches, including breach response, lost income, systems restoration and certain third-party privacy, network security and regulatory liabilities.
Legal Expense Insurance
Legal expense insurance helps cover costs associated with unexpected legal matters and provides access to legal support for issues such as contract disputes, debt recovery, and other legal rights.
Umbrella Liability
Umbrella liability provides additional liability limits above certain underlying policies, such as commercial general liability and commercial auto, helping businesses address exposures that may exceed their primary policy limits.
Built around your business
Liability protection backed by expertise
Navacord advisors take the time to understand your business, operations, and exposures, helping you build liability coverage aligned with the risks you face.
Industry expertise
Work with advisors who understand the industry-specific exposures and can help identify the liability protection you organization may require.
Broad insurer relationships
Access relationships with a broad range of insurers to help secure coverage suited to businesses operating locally, nationally, or internationally.
Risk management support
Benefit from risk management expertise designed to help identify exposures, strengthen prevention strategies and better protect your organization.
FAQs for business liability insurance
Business liability insurance generally helps cover legal expenses when your business faces a covered lawsuit or liability claim. Depending on the policy, this can include defense costs, settlements, and court-awarded damages up to your policy limits.
The coverage your business needs depends on factors including your industry, size, operations, and specific exposures. An advisor can assess your risks and help determine which types and levels of liability coverage are appropriate.
Commercial general liability typically addresses third-party bodily injury, property damage and certain advertising injury claims arising from business operations. Professional liability focuses on claims involving negligence, errors or omissions connected to professional services.
No. Liability policies contain exclusions and coverage limitations. Depending on the policy, risks such as intentional acts, certain contractual liabilities, professional errors, pollution or cyber incidents may require separate or specialized coverage.
Businesses may be able to manage insurance costs by implementing strong risk management practices, improving workplace safety, maintaining accurate records and reducing claims. Deductible levels, policy structure and insurer selection can also affect premiums.
