In a Nutshell: Why Business Needs General Liability Coverage : Dear Insurance Agent...
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In a Nutshell: Why Business Needs General Liability Coverage

by A. Montalbano on 08/22/14

Oftentimes, when a business owner wants a general liability quote, we examine the business specifics and get the deer-in-the-headlights expression.  Most often, the owner merely is only looking to satisfy a requirement either to gain a contract or to fulfill a building lease.  

Here is the disturbing concern: not one is aware of a single liability that can cause disaster for all the work going into the start of a business or the number of years in operation. Yet the majority have been operating for more than 5 years.  Without general liability coverage, liability disasters will shut a business down for good.  Who can make a claim against your business?  A customer, a vendor, an employee, a partnering business, even a pizza delivery driver.  Basically anyone visiting your place of business or associated with your product/services.  Even competition can take your business to court.  I like to say, "lawsuits have the courthouse doors swinging the rust off the hinges".  

General liability insurance keeps your business from loss due to a lawsuit.  And if you have no liability insurance, a lawsuit can devastate your personal assets.  What are possible liabilities that a small business can incur?  If you can't think of one, we have an entire list as does court dockets.
Got a business?  Take it seriously. Get a general liability quote. 

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