General Liability Insurance Coverage NeedsGeneral liability insurance coverage is essential for every business to have, whether it’s a startup or a multi-million-dollar corporation. The type of general liability insurance coverage you need depends on a number of factors, including the type of business you own as well as the perceived risks associated with your day-to-day operations. Here at J.S. Edwards & Sherlock Insurance Agency, we are committed to helping business owners like yourself identify coverage for your specific needs and business risks.
What Is General Liability Coverage?General liability insurance protects your business assets and covers the cost of injuries or property damage that is caused by you or your employees, or that occurs on your property. In addition to these important coverage aspects, liability insurance also offers a range of other protections.
Regardless of how large or small your business is, liability coverage can offer a financial buffer in the event that you are ever sued or need to pay the medical bills of someone who has been injured on your property.
If you are wondering whether or not you really need to purchase general liability coverage for your business, think of the devastating consequences that could occur if you were faced with an unexpected lawsuit and had no insurance coverage to help you pay the costs. The monthly cost of insurance coverage is very minor when compared to the costs you could potentially incur without it.