If you want to ensure that you keep your livelihood alive, it’s crucial that you purchase a general liability insurance package from a reputable insurance agency like The Russell Agency.
This kind of insurance can protect your business from things like bodily injury on your business premises, property damage liability, personal injury, medical payments, or even fire damage to a property that’s rented to you.
General liability insurance covers a broad spectrum of situations that could ruin your business if they were to occur. It safeguards you against lawsuits and the costs involved if some injury were to be caused by one of your employees or an employee causes damage to a customer’s property, among other things.
Typically, general liability insurance is lumped with property insurance, but you can usually also purchase a package as stand-alone coverage. This is great for personal contractors and small businesses.
Imagine you own a small business that designs custom kitchens and bathrooms. You generally work out of the office, but you have a small brick-and-mortar store that allows interested clients to come in to look at color and material swatches.
Someone enters your store and trips on a rug that is folded up at your doorstep, resulting in stitches and a broken bone.
Without general liability, you could be totally responsible for that person’s medical bills — out of pocket. Not only can this hurt your business, but it can hurt your finances — especially if you’re a small business.
On the other hand, if your contracting business is renovating a home and an employee accidentally drives a nail through a water pipe causing extensive water damage to your customer’s home, general liability insurance can help you pay the costs associated with the damage done to the customer’s property.
Similarly to paying out of pocket for bodily injury, you could find yourself paying out of pocket for the accident, which can cause financial troubles to your small business.
If you’re interested in general liability insurance for your business, is here for you. We can help you decide on the kind of coverage you need to protect your business, and give you more information on our specific packages.
Give us a call today at 203-255-2877 for more information!