Importance of Generally Liability Protection for Small Business
As a small business owner, you may be inclined to think that your business needs less insurance protection than large organizations. However, it is the exact opposite! Often, small businesses are unable to recover with as much finesse after an incident occurs. In safeguarding your biggest investment, you must obtain general liability insurance.
General liability insurance will provide your organization with protection against third party claims of bodily injury. There are a variety of common scenarios that your general liability insurance will protect. If you answer yes to one of the following questions, you need a general liability insurance policy for protection:
- Do you visit clients at their place of work or home?
- Do clients visit you at your place of work?
- Do you have access to your client’s equipment such as their server?
- Do you discuss or write about business with your clients?
- Do you conduct any business operations at a third party location?
- Before entering a contract, did someone ask if you have general liability insurance?
An important task that many small business owners neglect is policy renewal. Since the needs of your small business are constantly changing as you continue to grow as a company and flourish, you must take the policy renewal phase seriously. Rather than just signing the paperwork each year, it is imperative that you sit down with your agent and go over the policy to make sure everything is in order. This will ensure that you have all necessary coverage options. While an annual policy review is suggested, we recommend calling your agent whenever any major changes occur. This may include a big deal or an increase in staffing.
Contact Little & Sons Insurance Services for all of your California business insurance needs. Small business owners deserve just as much protection as large corporations, if not more. Allow us to provide your biggest investment with unparalleled protection.