Businesses General Liability Insurance

Why Do Businesses’ Need General Liability Insurance?

From slips and falls to lawsuits and legal cases, general liability insurance can help.

No matter how hard a business works to prevent accidents, mistakes happen. In a litigious society, business owners can’t sweep their guests’ injury under the rug. If someone is injured on your company’s property, they are entitled to file a lawsuit. As a result, this can threaten your business’ financial future.

Fortunately, this is where general liability insurance steps in. This coverage is protection that a company obtains to protect against expenses that come along with being sued. Whether the business was responsible or not for the bodily injury or property damage, the unexpected can happen, and it’s best to be protected.

Here’s what you need to know about general liability insurance!

Get the Right Coverage
Before you select your general liability insurance limits, you should evaluate the degree of risk that you’re facing. Ask yourself how likely it is that bodily injury or property damage, or the need for employment practices insurance may occur within your business or outside of it? Is there heavy machinery that can result in bodily injury or death? If you do, your chances of being sued have skyrocketed – and you’ll need insurance limits to match your threats.

The Basics
If your business is involved in an accident and is deemed at fault, the insurer that holds your policy is responsible for paying legal costs. They are legally obligated to pay the covered liability claims that include personal injury, property damage, bodily injury, and any damage sustained from false advertising.

Are you ready to get started on your tailored business policy in New Haven, Connecticut? Contact Abbate Insurance for all of your business insurance coverages!