Bodily Injury Dallas
Dallas General Liability insurance, Contractors, understanding the need for the contractor at large to save is one thing that is very important, does not do a whole lot of good for a contractor to be over insured. Yet, I will say I don’t hardly ever see that over insured thing. The reason is not just because the limits are not high enough, no actually that is not the reason. It’s the cost of medical attention. Normally a person considers general liability for the loss of property i.e. let’s say you are moving a heavy object and said object somehow crashed down the stairs. Well, one does not need a great imagination to guess that there is going to be a loss at the end of this accident. Dallas General Liability Insurance:
Bodily Injury.
Bodily Injury
There is a part of the coverage that covers BI bodily Injury and that is normally going to be expensive. A three day trip to the hospital is not cheap as far as I can tell and paying for thins out of pocket could be catastrophic. So back to the heavy object that got loose and went down the stairs and started crashing into things, let’s add to our make-believe scenario a person. We, the human race don’t do that well against say metal objects and no one has to remind you a hospital stay is expensive.
- Hospital stays
- Property damage
- Advertising liabilities
- Loss of use
- extra outpatient care
Now, there is a scenario where your general liability will not come into play. This will have to do with the person that was her now run away piano train scenario. If a person is a subcontractor or employee of you then the claim will go against your workers compensation. Now that will be a conversation in a different blog.
For now medical coverage
Coverage, without going into a lot of detail let’s make an assumption that the person who is hurt is going to be covered by your general liability. Now, here is where I would like to say this is something you need to go over with your agent. Yet let’s say that there was a bodily injury claim on your general liability and the total bill all in and done is $250,000. Wow, that is a lot against your Dallas General Liability insurance, contractors coverage.
Limits of coverage
Now, I will be the first to say it is not common to have a bodily injury claim on general liability yet, this is where higher limits are going to be important to you as a businessman. Because if you have $100,000 limit it is you who are may be going to be personally responsible for the left over $ 150,000. Now, no one has a crystal ball so understanding we do not know what is going to happen in the future, we just saying may be it’s better to be safe than sorry.
Pricing
Now, you can get quotes for 100,000 500,000 or a $2 million aggregate. Let’s work together in see if we can make the numbers make sense for your company.
Disclaimer
Now, 7:42 AM here on this Tuesday and I was glad to write this little bit for all the guys and girls participating in the wonderful world of business here in Dallas. This is one person’s opinion “mine” – and I offer no warranty or guarantee whatsoever. This is to be used for informational and entertainment purposes only for more on our disclaimer click here.