In today’s society even the smallest of mishaps can result in large lawsuits. Liability insurance specifically protects your business when it is sued for something you or your employee did or did not do.
General Liability policies give you coverage for bodily injury or property damage for which you are legally liable. In addition, this policy is designed to cover other costs such as attorney fees, court costs, and other expenses associated with a claim or the defense of a lawsuit.
In addition to General Liability, your organization may need specialized coverage due to exclusions on your policy, such as:
- Employment Practices Liability (EPL)
- Liquor Liability
- Employee Benefits Liability
- Environmental Liability
- Cyber Liability
- Product Liability
- Professional Liability
How much liability coverage do I need?
You should first consider the amount of risk associated with your business. For example, if your business manufactures or sells power tools you would be at greater risk of being sued than if you were in the business of selling household furnishings.
You can learn more about the many types of liability coverage and limits for your business by speaking with one of our trusted agents who will consider all aspects of your business to determine the correct coverage you will need. Click or call Barr’s Insurance today.