Is Your Business Covered For This?
The best way to understand the need for general liability insurance is to discuss a real life scenario. Let’s say that you are hosting a charity event at your office building. You have a great turn out! Unfortunately, someone is injured on your property and later sues your business for negligence or medical costs. If you do not have general liability insurance, are you financially able to make these large payments should the judge order in the victims favor? Similar to workers compensation, general liability insurance is peace of mind, it’s knowing that you have backup when the unpredictable occurs.