Is Your Small Business Protected? Top General Liability Pitfalls in Alabama

While general liability insurance is a key part of any company’s risk management strategy, some business owners may overlook important details of their policy that can lead to unexpected expenses.

Business owners should watch out for the following:

• Underestimating coverage needs—Since every business faces unique risks, a standard policy may not be enough to provide appropriate coverage.. For example, a retail shop may need to prepare more for potential customer injuries, while a contractor might require coverage for property damage at job sites.
• Not reviewing policy exclusions—General liability policies do not cover every situation or claim. Exclusions  may include professional errors, employee injuries or certain types of property damage. Being unaware of these exclusions may result in out-of-pocket costs.
• Letting coverage lapse—Busy schedules and tight budgets sometimes lead to missed payments or deadlines. Even a short lapse in coverage can leave your business vulnerable to lawsuits or claims during that period.
• Relying on outdated policies—As your business grows or changes, your insurance should keep pace. Expanding services, hiring employees or moving locations can impact your liability risks. Failing to update your policy may leave new risks uninsured.

Why This Coverage Matters

A single incident can create serious financial strain, especially for small businesses. If your business is found liable for third-party bodily injury, property damage, or claims such as libel, slander and advertising errors, general liability insurance can help cover the costs associated with these events.

How Our Team Can Help

At Servi-Express, we can guide Alabama business owners in identifying risks, understanding policy details and securing coverage that matches their needs. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.