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League of Women Voters of Illinois
October 2016LEADERS HANDBOOK
Financial Guidelines:
Local League Treasurers/Presidents
From: Kathleen Graham, Treasurer
Re:
FY20162017 General Liability Insurance
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How to fill out general liability insurance coverage
How to fill out general liability insurance coverage
01
To fill out general liability insurance coverage, follow these steps:
02
Gather the necessary information about your business, such as its name, address, and contact details.
03
Determine the type and extent of coverage you need. General liability insurance typically covers bodily injury, property damage, advertising injury, and legal expenses.
04
Research and compare different insurance providers to find the best policy for your needs.
05
Contact the insurance company or agent you have chosen to initiate the application process.
06
Provide the requested information about your business, including its size, industry, revenue, and previous insurance history.
07
Answer all questions honestly and thoroughly. It is essential to disclose any relevant information about your business activities or claims history.
08
Review the policy terms and conditions carefully, including the coverage limits, deductibles, exclusions, and premiums.
09
Make any necessary adjustments or additions to the policy to ensure it adequately addresses your liability risks.
10
Sign and submit the completed application along with any required documentation and payment.
11
Keep a copy of the filled-out application and policy documents for your records.
Who needs general liability insurance coverage?
01
General liability insurance coverage is recommended for various entities, including:
02
- Small businesses
03
- Contractors and subcontractors
04
- Self-employed individuals
05
- Professionals like doctors, lawyers, and consultants
06
- Retailers and shop owners
07
- Restaurants and food service establishments
08
- Manufacturers and distributors
09
- Landlords and property owners
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- Event organizers
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- Non-profit organizations
12
Basically, any individual or organization that may face potential liability claims from third parties should consider obtaining general liability insurance coverage.
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What is general liability insurance coverage?
General liability insurance coverage provides financial protection and defense for businesses in the event of claims of bodily injury, property damage, and personal injury.
Who is required to file general liability insurance coverage?
Most businesses are required to have general liability insurance coverage to protect themselves from potential lawsuits and claims.
How to fill out general liability insurance coverage?
To fill out general liability insurance coverage, businesses need to provide information about their operations, number of employees, annual revenue, and any past claims history.
What is the purpose of general liability insurance coverage?
The purpose of general liability insurance coverage is to protect businesses from financial losses due to claims of negligence or accidents that result in bodily injury, property damage, or personal injury.
What information must be reported on general liability insurance coverage?
Businesses must report details such as their business operations, number of employees, annual revenue, past claims history, and any additional insured parties.
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