If you’ve heard it once, you’ve heard it a thousand times: if you’re starting a business you’re going to need general liability insurance.
Liability insurance (widely known as Commercial General Liability) protects a company’s assets and pays for obligations and medical costs incurred if someone gets hurt on your property or when there are property damages or injuries caused by you or your employees. Liability insurance also covers the cost of your legal defense and any settlement or award should you be successfully sued. Typically these include compensatory damages, nonmonetary losses suffered by the injured party, and punitive damages.
Commercial General liability insurance can also protect you against any liability as a tenant if you cause damage to a property that you rent, such as by fire or other covered loss.
Finally, it can also cover claims of false or misleading advertising, including libel, slander, and copyright infringement.
If you would like help with the type and amount of coverage needed, as well as what the prices are simply call us now 1(888) 287-3449.
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To learn more visit the Small business Administration website at: