General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business.
Coverage typically includes product protection from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees.
Take a look at the list below for additional liability coverages that you may want to consider.
Professional Liability Insurance (Errors & Omissions)
This means the provider will pay you the full (agreed to) amount in the event of a covered total loss, less any applicable deductible. This type of coverage is much better than “actual cash value” or “stated value” that you may get with some companies.
As a trustee, you need the appropriate coverage to protect your assets in the case of a negligence lawsuit.
As a business with property, it's important to have the right coverage for all the different types of property.