Jamestown, New York
214 N Main St
Jamestown, NY 14701
(716) 488-1191

3 Types of Business Liability Insurance October 30, 2019

Jamestown, Chautauqua
3 Types of Business Liability Insurance, Jamestown, New York

Owning and operating a business comes with responsibilities and risks. Unfortunately, having a claim or lawsuit filed against you can put your professional and personal assets in jeopardy. This is why it’s vital to invest in proper liability insurance, which is designed to cover expenses under such circumstances. To help you create a comprehensive business protection policy, here are a few types of insurance available. 

3 Types of Liability Insurance You May Need for Your Business

1. General Liability 

Regardless of the industry, most businesses require general liability insurance. This kind of policy will protect against third-party injuries that occur on your premises, damages you or an employee cause to someone else’s property, and allegations of libel, slander, false advertising, or copyright infringement. 

2. Professional Liability 

liability insuranceIf your company offers professional services as an expert in your field, it’s likely you’ll also need professional liability coverage. Also known as errors and omissions insurance, this offers a layer of protection if your organization is accused of causing another party substantial financial loss. This may be due to a mistake made while providing them a service or giving advice, not delivering work as was agreed upon, or demonstrating negligence in the services you provided.

3. Product Liability 

If your operations involve making, transporting, or selling products for the public, product liability insurance should be part of your risk management plan. This is intended to cover any injuries or property damage caused while your products were in use. Product liability claims and lawsuits can affect manufacturers, distributors, and retailers. 


If you’re looking for reliable and affordable business insurance, reach out to Bryan Nelson Ives-Johnson Agency INS. Since 1935, they’ve been helping entrepreneurs throughout Western New York protect their businesses. They understand that every company has unique coverage needs and will work with you to determine which solutions will provide you with the most adequate protection. Call (716) 488-1191 to request a quote, or visit them online for more information about the products they offer.