General Liability Insurance
Liability insurance covers the costs of legal fees from physical damage or bodily injury caused from your business. It covers court costs, attorney fees and the settlement, if any is made. Imagine the peace of mind you’d have being free from worry about the attorney costs as the liability case grinds on—and knowing your business is protected no matter the outcome.
If you own a business in Florida, liability insurance is a crucial part of protecting your business from potential lawsuits. There are four distinct coverages that general liability covers your business:
- Customer Property Damage
- Advertising Injury
- Copyright infringement
- Slander or Libel
You should consider general liability insurance coverage, also called commercial insurance, if either you or your employees:
- Interact with clients face to face. If you make sales calls or visit clients at their place of business, their home, or they visit your location.
- Getting a business loan. Banks and lenders will require liability insurance on your business if you try to get loan to grow your business
- Use third-party locations for any business related activities. If your business is leasing an office space, all landlords require general liability.
- If you are required to maintain general liability insurance as part of a contract. All general contractors and subcontractors are required to have general liability insurance before they can work on projects.