Why is it important to have insurance for your business?

Take this scenario: Imagine you are an owner of a small business and a customer walk into your business and suddenly slips and falls due to the crazy weather that made the floor slippery from all customers walking in.

If the customer resulted in an injury, you would suddenly become responsible for medical bills, potential legal fees, and the compensation claims could become overwhelming, threatening not just to your business but to your livelihood as well.

This is where the general liability insurance comes in as having a safety net for your business:

-Protection against slip and falls or accidents in general: General liability covers for medical expenses, legal fees, and damages if someone is injured at your business site.

-Customer trust and reputation: When you are working on a customer’s property and while servicing, you damage the property. General Lability again provides the cost of replacing or repairing the customers property which could have put your business in jeopardy.

-Legal Support: Facing a lawsuit can be emotionally and financially draining. General liability insurance provides not just financial but also legal support. It helps you navigate through the legal battel so you can continue to focus on your business.

-Peace of Mind: As a business owner, you are already busy taking care of your day-to-day business and its challenges. Having general liability insurance can provide you with the peace of mind from unforeseen circumstances.

-Continuity of Business: General Liability helps form a safety net from lawsuits, property damage and allows your business to continue without putting the business at risk or bankruptcy.

Ultimately, General liability provides a safety net that allows you to pursue your business growth and dreams without constantly fearing about the unexpected.