Insurance is a way to protect yourself when someone makes a claim against you that you are responsible for an injury to them or damage to their property. Through insurance, you can pay for the requested damages without having to tap into your personal finances.
As a business owner, it is essential to have proper insurance to protect your business assets. If someone makes a claim against your business, you could end up losing your business if you don’t have insurance. One of the most common types of business insurance is general liability insurance.
How General Liability Insurance Works
According to the Insurance Information Institute, general liability insurance protects your business against negligence claims. It does not protect you against claims of professional negligence, such as malpractice. It would offer you coverage when someone makes a claim that they suffered an injury on your property or that a product you … Read More