Unless you have a crystal ball, and in that case business is booming, the uncertainties of small business management can create a lot of stress. General liability insurance can help alleviate that fear of the unknown by protecting your company’s assets and revenues when the unforeseen occurs. As well trained and reliable as your employees may be, accidents happen – on site, off site, with staff and with customers.

General business liability insurance is your first line of defense against many common claims. It protects your company’s assets and can help pay for obligations stemming from various risks third parties may experience during operations or while on your property. If someone is injured on your property, for example, it can help pay for their medical treatment. It can also help protect you should any property damage occur to another person while on your premises or due to one of your employees.

This vital form of insurance also helps cover the cost of your legal fees and defense costs in the event your business faces a lawsuit. It will even assist in paying the costs of any settlement should you be successfully sued. In today’s litigious society, this is one of the most important features of liability insurance.

Furthermore, a comprehensive general liability policy can help protect you from claims of false or misleading advertising, libel (written defamation), slander (spoken defamation) and copyright infringement.

Few businesses can afford to go without the protections offered by such a plan, and those that can afford to pay out of pocket for claims and lawsuits buy it anyhow. Even in the event you win against a frivolous lawsuit, the legal fees for just one court appearance can be several times more than the amount of a general liability policy premium. The limits you choose and the amount of insurance you need depends on several factors unique to your business. That’s why it’s important to work with a qualified insurance agent who can help ensure the policy is right for you.

Knowledgeable, independent insurance agents with McInnis are always available to answer any questions you may have, help identify your liability risks and even assist you in filing a claim. Our experienced agents are able to locate you a variety of policy quotes from a number of providers, ensuring the policy you choose offers the best coverage at the most competitive rates. Contact a McInnis member agent near you to learn more about how a general liability insurance policy can protect your business.