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business insuranceYour liabilities in your business are the risks you pose to others. So, if someone sustains harm by using your services, you likely need something to help them out. Their damage might lead to various costs, including medical bills or lost income. That could lead to suits against your business. A critical piece of insurance you need, therefore, is general liability insurance. How can you use liability coverage to your business’s benefit.

Nevertheless, even general liability insurance doesn’t cover everything. You’ll likely need to expand your coverage to better cover your operations. After getting standard coverage, talk to your agent about expanding protection.

General Liability Insurance in a Nutshell
Standard liability policies come in multiple shapes and sizes. So, it’s wrong to assume that every policy is right for you. However, most general liability policies start with a basic premise. If someone gets hurt or receives property damage because they work with you, this coverage can help. You can often use your policy to compensate those parties for their losses.

Here’s an example: It’s about one of the most common accidents that can affect a client in your business—slips and falls. If someone falls while visiting, they could sustain painful injuries. As a result, they might face medical bills, lost income and lost work in case they can’t do their jobs. They might have a reason to request help from your business, or even sue you for damage.

With a general liability policy, you can often settle with the injured party for their losses. Most general policies cover customer injuries, including slips and falls. It’s valuable protection to keep the business secure in case of unfortunate problems.

Expanding Your Coverage
General liability policies do not cover everything. Exclusions and limitations will exist on most policies. You’ll often need certain specialty coverage not typically included on general protection. Some of these include:

  • Cyber liability protection to cover data loss and identity theft resulting from computer damage or data breaches.
  • Employment practices liability insurance in case a worker or prospective hire alleges problems. Covered allegations might include sexual harassment, racial discrimination and more.
  • Directors & officers coverage to insure the risks associated with company decision-makers.
  • Errors & omissions coverage to protect professional mistakes. If you make mistakes in your professional advice, this coverage can protect you.

Beyond these options, there are many more liability policies your business might need. So, ask your agents which options are available for you to purchase. They can help you determine which protection will best benefit your operations.

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2420 Hoffmeyer Rd, Suite D | Florence, SC 29501
| Ph: 843-519-2557
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