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What is General Liability Insurance and why do I need it?
What is General Liability Insurance and why do I need it?
Updated over 3 weeks ago

General Liability Insurance is mandatory for all SBA loans and cannot be waived. Please contact your insurance agent to request a General Liability Certificate of Insurance (ACORD Form 25) that includes the required details.

This document should include:

  • Business Name and Address: The policy must clearly state your business name and address. Personal names are not acceptable.

  • Bank Listed as Additional Insured: The bank must be named as an additional insured party on the policy.

  • The bank listed as Certificate Holder: The bank should be listed as the certificate holder.

  • Bank’s address.

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