Why Your New Business Needs General Liability Insurance
It's the New Year, and that means many of us are taking our resolutions seriously. For some people, that means finally committing to starting our own businesses. Whether it's something you've been planning for a while or you're finally taking the plunge and diving in head first, starting a business can be a daunting experience. In order to properly protect your new start-up, securing reliable business insurance is a must - especially general liability insurance.
General liability insurance is important for businesses even in their earliest stages. It covers legal fees resulting from accidents, negligence, and injuries. One unfortunate accident in your workplace could bring a whole load of lawsuit fees down on you. Even if you are an individual who takes extra precautions surrounding safety while conducting your work, it's not uncommon to get sued for something out of the blue.
A general liability policy generally covers four types of coverage, including:
- Bodily Injury and Property Damage: Protects a business from liability for physical injury to a guest or potential damage to their property.
- Personal Injury: Includes claims such as libel, slander, and defamation of character.
- Medical Payments: Designed to pay for an individual's medical expenses as a result of an accident at the business premises.
Keep in mind that although general liability insurance does cover a wide range of incidents, standard coverage does not cover:
- Vehicles
- Services
- Injured employees
Protect the livelihood of your start-up business with the right
commercial insurance. To find the best policies to meet your needs, contact the experts at Little & Sons Insurance Services. Serving Banning and the surrounding cities in California, we are ready to assist you with all your insurance needs.
