Posted by Insurance City on
Most general liability policies are written at common limits, but the right number for your business depends on your risk and who you do business with.
Common limits — and what they mean
A typical small-business GL policy carries a per-occurrence limit and a higher aggregate (annual) limit. The per-occurrence limit is what’s available for any single claim; the aggregate is the most the policy pays in a year.
What often sets the number for you
- Contracts — clients and GCs frequently specify a minimum limit you must carry.
- Leases — landlords often require a set limit and to be named additional insured.
- Your exposure — the more public foot traffic or the riskier the work, the more limit you want.
When to add an umbrella
If your contracts demand higher limits than a standard GL provides — or you simply have assets to protect — a commercial umbrella stacks more coverage on top affordably.
Let’s right-size it
Insurance City is a local independent brokerage in Stockton. We’ll read your contract requirements and shop the right limit across carriers — no broker fees on standard policies. Call (209) 670-1556.