Frequently Asked Questions About Small Business Insurance
Delaware General Liability Insurance. DE general liability insurance protects your business against property damage, advertising injury claims, personal injury claims, and bodily injury claims. Such claims could jeopardize the success and reputation of your business.
As a business owner or small contractor, you require a form of general liability protection, to shield you from such unexpected situations. A single accident might lead into a lawsuit that is beyond your financial abilities. When that happens, you will be staring at losing your source of livelihood. That is where general liability insurance comes in.
Delaware general liability insurance pays for cost of third-party lawsuits over slip-and-fall injuries, property damage and more. Get a fast and affordable quote in DE.
Businesses are inherently risky. The good news is that some of the risks can be protected. General business liability insurance helps to safeguard your business against various known and unknown risks. Some of the areas in your business that are covered by Delaware general liability insurance include:
The cost of your Delaware general liability insurance coverage is determined by various factors. They include the business type, location of your business, the total number of employees in your business, as well as the risk level your business is exposed to. For example a roofer working on a roof faces much higher risks than an accountant sitting in an office behind a desk.
In our litigious society, more and more businesses are being sued due to issues like libel, slander, property damage, and bodily injury, just to name a few. Apart from that, businesses can be sued even when they have not done anything wrong. That is why your business requires general liability insurance protection.
Protect your company and employees with DE commercial insurance. Read informative articles on Delaware small business insurance coverages - and how they can help shield your company from legal liabilities.
Learn about Delaware construction contractors insurance, including how much the premium costs and what is covered - and how commercial insurance can help protect your DE construction business from lawsuits.
Learn about Delaware contractor's insurance, including what it covers, how much it costs - and how commercial insurance can help protect your DE business from lawsuits.
Read up on Delaware commercial property insurance, including how business property insurance protects your company's building's and/or their contents from damage, destruction, theft and vandalism.
Get informed about Delaware professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.
Learn about Delaware media liability insurance - a specialized form of professional liability insurance that provides protection for legal claims brought by third parties.
Learn about Delaware real estate insurance coverages including liability and commercial property policies for realtors, mortgage companies and more.
Read valuable Delaware retail insurance policy information. In a retail business, you need to have the right type of commercial insurance coverage so that your store, employees, and inventory are protected.
Learn about Delaware health and beauty insurance coverages that help protect tattoo artists, salons, spas, estheticians, cosmetologists, barbers, hairdressers, nail salons and more from legal liability.
Learn about Delaware IT technology insurance policies that help protect IT businesses, consultants & subcontractors from the unique risks that small tech businesses face when they work.
Learn about Delaware restaurants, bars, liquor stores commercial insurance coverages. See how food service insurance help protect against accidents, oversights and lawsuits resulting from business operations.
Discover Delaware business insurance for medical and dental professionals. Medical malpractice insurance is a type of professional liability that protects health care professionals from liability causing in bodily injury, medical expenses and property damage.
Read informative articles on Delaware manufacturing and wholesale insurance. Manufacturing and wholesale companies face many risks due to the nature of their business operations.
Learn about Delaware commercial insurance for educators that helps protecting your professional reputation and other legal liabilities arising from your educational services.
Learn about Delaware sports & fitness insurance policies and what they cover so that your customers, employees, and equipment are protected.
Discover what Delaware commercial insurance policies cover for children and pet related businesses.
Find informative articles on miscellaneous DE businesses including the types of commercial insurance they need, costs and other considerations.
Find useful articles on business insurance for Delaware non-profit 501(c)(3) organizations, charities and associations.
Read up on Delaware arts and recreation commercial insurance.
Learn about DE agribusiness insurance - a type of commercial insurance protects farmers against loss of, or damage to crops or livestock.
Learn about Delaware commercial auto insurance which includes liability and physical damage protection for vehicles that are used for business purposes.
Read informative articles on Delaware commercial insurance including costs and coverages.
For entrepreneurs who are thinking about starting up a business in Delaware, it is important to have an understanding of the state's economic outlook, as well as the regulations and limits regarding commercial insurance. With this information, you can determine if DE is, in fact, a wise location to start your business.
Below, we offer a brief overview of Delaware's economic status and the rules relating to commercial insurance.
Delaware is home to more than 1 million businesses. This includes over half of all of the publicly traded companies in the United States, and 64 percent of the country's Fortune 500 companies. Delaware is such an appealing place for entrepreneurs because the state offers flexible corporate laws and a government that is very friendly to business owners.
The economic outlook of DE has become softer. As such, Delaware has moved down eight spots on the Forbes' Best States for Business list. The costs of operating a business are about 21 percent lower in Delaware than the national average. It is also one of the lowest ranking states in regard to labor costs. With that said, job growth is expected to reach .8 percent by the end of the 2019 calendar year. The unemployment rate is expected to remain lower than the national average, at an estimate 4.7 percent.
The industries that contribute the most to Delaware's economy include:
It is expected that these industries will continue to see growth, but there is a need for more skilled labor in these areas.
The Delaware Department of Insurance regulates the insurance industry in DE. Commercial liability insurance, commonly referred to as general liability insurance, is the most common type of coverage that business owners carry. In the state of Delaware, business owners are not required to carry this type of coverage in order to operate. This state is considered a modified comparative fault state that has a negligence standard of 51 percent. The government does not put any caps on awards that are offered to those who file personal injury lawsuits against businesses in Delaware. As such, it is wise for business owners in this state to invest in commercial liability insurance, even though it isn't required.
Business owners are required to carry workers compensation in Delaware. This includes businesses that employee one or more hourly or salaried W2 employees.
Request a free Delaware General Liability Insurance quote in Arden, Ardencroft, Ardentown, Bellefonte, Bethany Beach, Bethel, Blades, Bowers, Bridgeville, Camden, Cheswold, Clayton, Dagsboro, Delaware City, Delmar, Dewey Beach, Dover, Ellendale, Elsmere, Farmington, Felton, Fenwick Island, Frankford, Frederica, Georgetown, Greenwood, Harrington, Hartly, Henlopen Acres, Houston, Kenton, Laurel, Leipsic, Lewes, Little Creek, Magnolia, Middletown, Milford, Millsboro, Millville, Milton, New Castle, Newark, Newport, Ocean View, Odessa, Rehoboth Beach, Seaford, Selbyville, Slaughter Beach, Smyrna, South Bethany, Townsend, Viola, Wilmington, Woodside, Wyoming and all other cities in DE - The First State.