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What is commercial liability insurance coverage?

On Behalf of | Sep 4, 2018 | Denied Insurance Claims

Unquestionably, the insurance umbrella is expansive and varied. That is, insureds seek protection against both known and unforeseeable risk across a broad realm that, if unguarded against, can reap devastating consequences. Imagine a cancer diagnosis for a patient lacking any type of health coverage. How could a homeowner lacking insurance protection carry on in the wake of a major fire or storm damage?

Just as individuals and families need to insure against life’s potential downsides, so too do business owners across Oklahoma and elsewhere. In fact, and for obvious reasons, having adequate insurance coverage is a top-tier concern for principals linked with any commercial entity.

There are various types of commercial insurance, ranging from protection against property damage (e.g., fire damage, machinery/equipment breakdowns and business interruption due to various factors) to workers’ compensation protection.

And there is, of course, insurance coverage that protects businesses against claims from third parties. Such claims can encompass seemingly limitless territory, which we will touch upon in both this blog post and our subsequent entry.

We spotlight business-linked insurance on our website at the pro-claimant insurance law firm of Mansell, Engel & Cole in Oklahoma City. It spells a vast realm of claim possibilities, which our deep legal team routinely handles pursuant to collective firm experience that spans more than a century of diligent representation.

So-called commercial general liability coverage most centrally involves protection against alleged injuries that a third party (such as an employee, customer, visitor, contractor or other entity) brings against a business. There is an obvious – indeed, an overwhelming – need to have comprehensive and reliable coverage in place to resolve claims and defend insureds when that is necessary.

Unsurprisingly, insurers don’t always step up to the plate to do that. Indeed, they often balk at doing so, or even issue claim denials outright.

We will further discuss commercial general liability insurance in our next blog post.