Does general liability include business property coverage?

General liability insurance is one of the most basic types of insurance policies every California business should have. Whether you have an auto policy, a homeowners policy, or business owners package you most likely have liability coverage “built in” to your policy. But does a standard general liability policy include property coverage?

The answer is no, BUT this doesn’t mean you don’t have it.

General liability gives protection when you, your employees, or your property causes damage, harm, or loss to someone. Liability can offer protection in court and even pay a fine or court fees uncured to you in a lawsuit. When it comes to your own business property though, liability won’t cover you.

Burning-propertyIf a fire were to occur and burn your location completely you could lose thousands of dollars worth of business property. Business property coverage can payout in this type of event and leave you in a position to buy more equipment.

Most insurance agents will ask you or throw in business property coverage as an endorsement. Just yesterday I added $10,000 worth of business property coverage to an apartment building insurance policy for only $22 dollars extra per year.

Are you properly covered? Make sure your business property (tools, computers, paperwork, equipment, etc.) is covered in case of a disaster. Get in touch with one of our California insurance brokers today and see if you’re properly insured.