You’re leaving your business vulnerable without business liability insurance.

Owning a business can be unnerving and stressful. A good insurance broker and agent can minimize some of the financial worry and risks in the event of an accident. When it comes to deciding on your liability insurance chooses seek the guidance of an experienced insurance person. Such a policy provides the sort of peace of mind that so few transactions can for an entrepreneur. Here’s what we mean:

Injury protectionBusiness Insurance Coverages

General liability insurance for small business will cover claims of bodily injury to anyone other than an employee. If someone, for example, entered your place of business, slipped on the floor and required medical treatment as a result, this kind of policy would assists with the medical costs and other losses to the person, such as, wages incurred as a result of the fall. If your business requires an interaction with the public, however minimal, you’re responsible for everyone’s well being in addition to your employee.

Litigation protection

In the case where your company is sued for negligence, general liability business insurance will assist with the financial cost of attorneys’ fees, investigative reports and judgments to the extent of the limits purchased by you. Consider this before you dismiss the coverage as excessive: If you’re planning to court projects as a subcontracting you will be a part of and potentially held liable should the primary contractor encounter a lawsuit.

Property protection

If your work is conducted off-site, anywhere other than within your office space or business location, then you’re well aware that collateral damage is a distinct possibility. In spite of the best intentions and caution, your employees, a liability policy will cover any damage to the extent called out within the policy. Know what your insurance policies will and will not cover, specifically the limits and limitations. You leave yourself vulnerable to a lawsuit , which, of course, will pile its own expenses on top of the original damage amount.

For a deeper explanation of general liability business insurance and a free quote, contact Peter Green Insurance.

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