Chances are you already have an insurance plan to protect the business against damage to your buildings, equipment, and staff. But what about the risk of damage that could be done to other people and businesses?
If you are found liable for these mishaps, you could have to face huge monetary penalties that damage the stability of your business.
This is where general liability insurance can help. This coverage mainly applies to bodily injury of people outside your business and physical damage to their property. If you ever meet clients (at your business or theirs), or have any physical access to their equipment, you’ll need this coverage to protect yourself – and them.
In fact, some businesses may require general liability insurance before they sign a contract with you. So this product will not only keep your investments secure, but it will also make you more marketable as a business.
It’s important to note that general liability coverage doesn’t apply to cases where you are sued for giving inadequate professional advice. Errors & omissions insurance (E&O) can help to protect your business from that specific type of risk.
Another exemption includes data loss and reputation damage. For example, if one of your staff members defames a client, the cost of this case would not be covered.
Here at Antietam Insurance, we are an independent agency proud to serve Maryland, Virginia, Pennsylvania, and West Virginia. Our friendly and high-quality service has kept us in business since 1957!
As a family-owned business ourselves, we know how important it is for small businesses to protect themselves. That’s why our customizable plans are catered to benefit you, not the major insurance corporations.
No matter the size and nature of your business, we can help you to determine a policy that works for your unique business. Call now to learn more about our general liability insurance!