If you run a business it is critical that you have some form of general liability insurance˳ A commercial policy will protect you against claims made by customers or other individuals that come into contact with your business˳ For example, let’s say you owned a fence company, and were building a large fence at a golf course˳ If you left many open holes in the ground and someone walked by one day, tripped over your hole and broke their leg, their is a chance that they may sue you˳ Well if you have Commercial General Liability coverage, there is a good chance you would be covered and any damages that you have to pay because of that injury then it might be paid by the insurance company˳
You have to be careful though as your monthly payment on your insurance will probably go up if you have a claim successfully completed against you˳ Normal general liability insurance covers: bodily injury, property damage, person injury and advertising injury˳ One other great benefit of having this type of insurance is that even if a claim against you is false and you still have to go to court, you will covered under your policy˳
As a business owner, having this type of insurance is a fact of life, there’s not getting around it˳ The last thing you would want is for an employee to get severely hurt in a job site injury and then have to pay millions of dollars in a settlement, that could take down your business, which is why it’s smart to carry some form of General Liability Insurance˳
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