General Liability Insurance Will Assure Your Business is Protected

by Redeeming Riches on June 17, 2013

As a small business owner you must be highly aware of the importance of general liability insurance. General liability insurance is something that cannot be passed over, period. There are far too many uncertainties that can hinder your business significantly. No matter how many precautions have been taken or how much you’ve planned ahead, accidents still do happen, with employees and customers. Business general liability insurance is essential to maintaining the success and financial security of any company. There are numerous effective coverage options that are affordable and customizable for all of your small business’ needs.

If you don’t think that you or your business is in need of liability insurance take into consideration that any business (or individual) that provides a service, makes recommendations or even gives a professional opinion could be at risk for a potential professional liability lawsuit. General liability insurance will offer the protection against situations that may be completely out of your control and/or potential scenarios that may have never even crossed your mind. Liability insurance can also assist in covering medical expenses (if there were to ever be a ‘job-related’ injury – on-site or off regarding employees and/or customers), damages and attorney fees, all of which you are legally responsible for. It truly is better to be safe than sorry when it comes to your business, profession and name.

Any general liability insurance policy can be adjusted to fit your and your business’s needs; you can enhance coverage to meet any specific needs you may see fit, or on the contrary, you can limit your coverage to a minimum plan. Whatever additions you make to your coverage, first thing is first, make sure you acquire general liability insurance for you and your small business. Protect your future and the future of your business today!

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{ 3 comments… read them below or add one }

Simon August 25, 2013 at 9:00 am

Really useful article, thanks so much

Kevin September 22, 2013 at 7:56 am

I did not now much about liability insurance before. After reading your post, got a good idea about it. Thanks for sharing the helpful post. Cheers!

Jim October 27, 2013 at 9:14 pm

Well said, General Liability is immensely important, but as important is finding a carrier who has a good reputation for settling liability claims. A good place to judge a carriers reputation is by their AM Best rating, I wouldn’t consider a company with under an A rating. Also, if you dont have general liability coverage, then you dont have defense coverage. So you will be on the hook for all costs associated with proving your innocence!

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