When you decide to start a business developing a positive reputation is extremely important, especially in a small business when it is a company's good name that drives customers to their business. Many business owners may assume that if they do their business with honesty and integrity a positive image will shine through to customers, and while this is normally true, there are instances when a business's reputation can be damaged through no fault of its own.
When this happens, it is because someone has unjustly defamed the business through libel or slander. Libel is a written criticism of the business, slander is verbal. Both can be very harmful and drive business away. While many businesses will make a point to buy insurance that will keep them covered in the event an employee gets hurt, or if the business is damaged by a fire or other disaster, not every business thinks to protect their reputation.
But with a business insurance policy from LIttle & Sons Insurance Services, your business can be covered for both of these possibilities. In addition to a regular business owner's policy, an agent can also go through other types of miscellaneous business coverages that you may need for your business, including libel and slander insurance.
All too easily something as simple as one person's bad day can turn into office gossip that can quickly leak to the ears of your customers. Although you may have a legal case, many of your customers will quickly make up their mind not to trust your business and go elsewhere. There is also a possibility that an employee or customer may claim that you have been unfair or have slandered them. This too can cause you to lose business.
Often the storms created by slander and libel do blow over, eventually. Having business insurance helps companies keep up financially when things start to go wrong. When a company has slander and libel insurance, they can weather the storm and come out stronger.
