If your business allows anyone not employed by you onto the property, you need general liability insurance. However, first you need to understand the coverage and limitations of this insurance, so you can see how it can benefit your business.
The Importance of This Insurance
This is a good policy for many types of businesses to carry, as it can protect you from claims made by individuals outside of your company. It can also help cover legal fees and settlement costs. This type of insurance is specifically designed to protect your company in instances of harm sustained by vendors, delivery personnel, third party personnel and the business owner. According to https://www.sboneinsurance.com, such harm includes the following:
- On-site bodily and property damage
- Slips and falls
- Injuries resulting from products off-site
Claims of this nature can be costly, both in terms of legal fees and your companys reputation. With this insurance as part of your commercial insurance package, you can be sure that you are covered if an accident or injury occurs on your business property or because of your products.
Insure Your Business Today
A business with a solid insurance plan usually includes general liability insurance and its easy to see why. You can take advantage of the many benefits and protections offered by this insurance when you add it to your plan.