Protecting your business financial stability and assets is likely one of your main priorities as a small business owner. One of the ways that you can accomplish this is by working with your Connecticut insurance company to acquire a commercial liability policy.
Do Your Need Liability Insurance?
Many business owners often make the mistake of thinking that since they hold so many other policies, they do not need liability coverage. However, it is important to keep in mind that if your business experiences just one accident, a lawsuit could significantly harm your operations, especially if you are just starting out.
What These Policies Cover
There are many different things your general liability policy will cover. These may include some of the following:
- Injury damages if a supplier, client, or another visitor to your property becomes injured, your liability policy will take care of the damages.
- Lawsuits and settlements often, your liability policy will cover the cost of fighting a lawsuit in court and even take care of the settlement if you do not win the case.
- Miscellaneous your liability policy can cover expenses and situations that you may not have originally thought of.
Remember, its always best to protect your operations with a liability policy sooner rather than later. If you dont already have one of these policies, you may want to speak with your Connecticut insurance company.