What Are the Key Differences Between Founder Shield and Simply Business General Liability Insurance?
Operational Profile and Buyer Examples
Founder Shield says GL suits most businesses with a physical or customer-facing presence, citing retail stores, technology startups, home-based businesses and property renters. Simply Business gives sole proprietors, partnerships, LLCs, home-based businesses, contractors and freelancers as examples of small-business buyers; its examples do not guarantee a quote or eligibility. One emphasizes operations; the other names business forms and work arrangements. [3] [7]
Third-Party Injury and Property Damage
Founder Shield lists third-party bodily injury, property damage, personal and advertising injury, and legal-defense costs as GL topics. Simply Business describes potential third-party accidents, bodily injury, third-party property damage and legal-defense costs. Compare both forms for customer injury and damage to others’ property. [3] [7]
Employee, Professional and Own-Property Exposures
Founder Shield says employee injuries, professional errors and damage to the policyholder's own property fall outside GL and points to workers' compensation, E&O and commercial property, respectively. Simply Business specifically says employee injuries are not covered by its GL line. Businesses with these exposures should compare exclusions and separate-line terms. [3] [7]
What Should You Confirm in Founder Shield and Simply Business General Liability Insurance Quotes?
- Describe customer visits, premises, products and services consistently to both quote teams; ask how the resulting GL form treats third-party injury and property claims. [3] [7]
- Compare employee-injury, professional-services and own-property exclusions in the proposed forms, and ask Founder Shield which carrier is named on its offer and Simply Business whether its panel has approved binding. [4] [8]