What is General Liability Insurance?
It is a coverage which protects you from unexpected events that may occur during your business operations. Also it acts as a shield of defence against claims like property damage, personal injury, body injury, etc. Mostly people like you who are doing business feel that this coverage is a vital part to protect them from any damage, be if physical or financial.
Why it is important?
It is important to get this coverage so that if there is any unexpected calamity in your business, then having this coverage will protect you and your family. If you don’t want to put burden on your pocket then having this coverage can save you from financial burden. If you wish to know more then please feel free to contact us.
What does it cover?
In order to provide you a clear understanding of the importance of this coverage let us take an example from real life. Let’s say, you are a auto repair shop owner and provide 24 hour emergency repair service. While one of your employee is repairing a parked car, it suddenly starts and collides with another parked car. As the incident occurred due to the performed work, this damage will be covered under your General Liability.For a quick quote please feel free to fill up the form provided below.
Good liability risk management can reduce the chances that your business will be sued, but it can never eliminate the risk entirely. You or a member of your organization can make a mistake that injures someone or damages property. Your mistake could harm the reputation or interfere with the privacy of a customer, client, competitor or member of the general public. When such injuries occur, you may be legally liable to pay damages to someone who suffers a loss due to your actions or inaction.
Depending on the degree of harm and the number of people injured and/or value of property damaged, a lawsuit could bankrupt your business. Even if your organization is ultimately cleared of any wrongdoing, a determined plaintiff can keep you tied up in legal proceedings for a long time, entailing significant cost to defend yourself. Liability insurance pays the cost of your defense and protects your assets.
Contact us today to learn how we can help with your business insurance needs.