When Do I Need It?
Are you a business owner? Then you need General Liability Insurance to protect your hard work from potential lawsuits.
The Benefits of Getting General Liability Insurance
If you want to ensure that your small business has financial protection from unforeseen claims, general liability insurance is a smart investment. While it’s not always required by law, it may be required by certain contracts or lease arrangements. With a general liability policy, it’s easy to get protection from the costs of:
- Property Damage
When customer property is damaged by an employee, your coverage may pay for a replacement. For example: Your employee or a contractor accidentally sets fire to a building they are working in, and repair costs will exceed $150,000. Now, you may be liable to pay for the damages and construction costs. With small business general liability insurance, you would likely have help covering the costs of those damages.
- Bodily Injury
If someone other than an employee is injured on your property, this coverage can take care of medical expenses plus legal expenses and damages.
- Product Liability
If products developed or sold by your business harm people or property, this coverage can pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.
- Libel, Slander, and Copyright
This coverage can pay for lawsuit expenses from personal and advertising injury. Advertising injury can include disparaging another business in your advertisements, stealing an advertising idea, and more.
Secure your Life’s Hard Work
…with a commercial insurance brokerage provider who understands and will advocate for your needs. Ready to get started? Do not hesitate to send us your questions here for your inquiries about our company and brokerage services. You may also speak with our insurance consultant here for an expert take on the commercial insurance you need.