Why You Need General Liability Insurance For Your Business
General Liability Insurance, also known as Commercial General Business Liability, protects your company’s equity and pays for any accidents that happen to occur on your property. A big portion of General Liability Insurance covers medical expenses if someone were to get hurt on your property or if anything in your business were to get damaged by either you or one of your employees. If you are renting or leasing the building you business is currently in, a General Liability Insurance policy would cover any damage that would occur while you are residing in the building.
Having a General Liability Insurance policy, no matter the size of your business, will protect your assets and investment.
Imagine if you had a customer entering your building and they tripped over a door mat that was placed incorrectly and was seriously injured. The medical expenses and potential lawsuit could ruin a small business and, even with a large company, could seriously harm their livelihood. Protecting yourself with General Liability Insurance for your Business is the smartest thing you can do as a business owner.