How General Liability Insurance Protects Your Business
If there is one thing business owners know, it’s to expect the unexpected. As well as you plan, complications can arise that threaten your livelihood. Responsible business owners rely on commercial general liability insurance to protect themselves from the unknown.
What Does General Liability Insurance Cover?
Although plans differ, general liability insurance regularly covers property damage that occurs in your work with a customer, damage to the space your business leases, medical bills for anyone becoming injured on your premises, and accidental copyright infringement claims that may crop up from errors in advertising. All of these scenarios are true threats to businesses that have gone without commercial liability insurance. No business owner wants to lose his or her livelihood to a lawsuit, so it’s important to reduce the risk through general liability coverage.
How Much Does General Liability Insurance Cost?
Each business is unique, so no liability plan is exactly alike. There are different aspects of your business that factor into the cost including how many people you employ, the type of business you own, and the amount of risk your business is vulnerable to. A three-person advertising firm will likely need less liability insurance than a manufacturing company with 40 employees.
Protect your business from exposure to risk and protect your bottom line.