When it comes to commercial insurance, there are several types that most businesses should have. Commercial property insurance is one of them, and commercial auto insurance may be another. General liability insurance is also among these essential policy types, as it offers the protection your business needs, no matter what industry it’s in.
Here are a few reasons why your business should carry general liability insurance:
- Property Damage – If your business causes property damage to another individual’s property, general liability insurance can help pay for repair costs. For example, if one of your employees accidentally breaks a window or drives into a client’s mailbox, general liability insurance can cover the repair or replacement costs.
- Bodily Injury – If a customer or another individual gets injured on your property and your business is at fault, general liability insurance can cover the cost of medical bills. The risk of accidents such as slip-and-fall incidents necessitates coverage.
- Personal Injury – If your business is sued for personal injury, such as libel or slander, having general liability insurance can help you pay for a lawyer to defend yourself.
General liability insurance is a broad term that encompasses many different types of coverage, which means it can be challenging to know whether you are getting the coverage your business needs. At Morco Insurance Agency, our brokers can assist your business in finding the general liability insurance it needs for its protection. Contact us today to learn more or get started.