Premises Liability Coverage: What It Includes & Why It Matters

The worst thing about an accident is that it can happen anywhere and can cause significant damage without you even noticing for even a minute. Be it a gym where you exercise, a grocery store where you buy things, or even someone’s home, accidents can happen anywhere, and when they do, that’s where premises liability coverage comes in.

The key role of premises liability is to determine who is liable to pay for the damage. Therefore, if you own property or any crucial premises in Los Angeles or California, it is best to understand what this premises liability coverage includes and why it matters.

 1. Are premises an asset or a liability?

There are different aspects to understand whether a building or a piece of land will be considered as an asset or a liability. Legally speaking, your premises will always be considered as your asset because they hold value and you own them. However, managing these premises and ensuring their safety and security comes as a liability as well. If you are unable to maintain your home, building, or other type of property and someone is hurt as a result, you are liable for a lot of things, including the injured person’s medical expenses, missed income, and much more.

In short, yes, your premises are an asset, but they come with the liability to manage and maintain them.

2. What are common premise liability claims?

Premise liability claims in Los Angeles can include different claims, though some of the most common claims we often come across are the following:

• Slip and fall accidents: If someone in a private premise slips and gets injured due to wet floors or uneven surfaces.
• Poor maintenance: If the premise owner has failed to maintain the proper maintenance of the building, like broken stairs and handrails, and if it causes harm to visitors, it is considered a part of premise liability claims.
• Inadequate security: If negligent security makes the visitors vulnerable to theft and causes any physical issues
• Pet bites: If your dog or any other pet bites your visitors and causes some major pain or physical damage, it can be included in premises liability claims in Los Angeles.
• Object falling: Falling objects from nowhere and harming someone can be considered as premises liability claims since it should be the responsibility of the owner to ensure that nothing like this happens.

 3. What does personal liability insurance cover?

Personal liability insurance is a broader category than premises liability, as it covers anything about an individual that might cause pain, injury, or property damage to someone else.

So, if someone gets hurt and injured due to your personal negligence or other reasons, it comes under personal liability, which may or may not include premises liability claims in Los Angeles.

 4. What does premise liability cover?

On the other hand, premise liability covers claims for accidents that especially happened within certain premises or boundaries. If you own a place and someone visits your place and slips due to wet floors, it comes under premises liability.

Summary

In conclusion, premise liability in Los Angeles covers everything that happens under your premises, from broken staircases and wet floors to security concerns and ceiling issues. Personal liability claims can be even broader, as they include all the personal negligence concerns as an effective reason for the accident, other than just being an owner of a premise.