No matter how professional, responsible and attentive to detail you are, it is essential to have your business covered with liability insurance. Accidents will happen, it doesn’t matter how careful you are, but when they do it is important to make sure that should a lawsuit be brought against your company, it won’t result in a massive financial debt, or even worse the closure of your business. Protect yourself, and your employee’s jobs by getting insured.
Four Different Types of Claims
There are four types of claims that can be made against a company, the most common seem to be:
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Advertising Injury (like libel and slander for example)
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Bodily injury
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Personal injury
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Property damage
What liability insurance will do is protect your business from the costs that are related to defending against these claims or settling them out of court.
You Might Not Have Done Anything Wrong
What some people don’t know, is that nuisance lawsuits are problems business owners are presented with, on a more common basis than you might believe. It is a sad fact that sometimes a person will sue a business, even when no wrong doing or injury has even occurred. When this occurs, it is important to have yourself covered because with the way the legal system is you can never be 100% sure that you will win the judgement. Don’t let the reason your business is forced to close be that someone managed to take advantage of the legal system and you are forced to pay them for doing nothing wrong.
For all your commercial liability insurance needs please visit Boardwalk Insurance Group, LLC and get yourself covered. Hopefully it is a problem you will never have to face, but in the duty of protecting what you have strived to create, the best insurance policy you can have is hoping for the best but being prepared for the worst.
