General liability insurance protects your business from property damage and bodily injury. Although many big businesses know it’s important to have this type of insurance, they may not know why it’s so important.
Advertising Claim
Did you know your general liability insurance protects you and your staff from libel, slander, and even copyright infringement? Big businesses have big competitors and many eyes on everything they do. Although your advertisement is directed at bringing customers to your door, other businesses will be looking for you to make a mistake. Something as simple as using a copyrighted photo in a poster can cost you. General liability insurance will make sure you are protected when offenses like this happen.
Defense Costs
In a big company, you have many employees to care for. Unfortunately, not all of those relationships will end well. Your insurance can fill in the gaps when you have to start worrying about legal expenses for liability claims. General liability insurance helps cover the extreme costs of settling these unpleasant matters.
Product Liability
For many big companies, products are your livelihood. Although you may follow strict safety guidelines, there is always the possibility that a customer can be harmed as a result of your product. If you run a food or beverage company, someone could get sick after consuming a meal. If you have a sporting goods company, a customer could be injured trying out your product at the store. Your insurance will make sure you are covered if injuries happen.
General liability insurance is important for businesses large and small to invest in. But, enrolling in general liability insurance is just half the battle. There are many more ways to protect your business. Establishing high-quality control for your products can help minimize the possibility of injury to your customers and your staff. Ensuring that all company records are up-to-date and accurate can help protect your business during future audits or legal disputes. Most importantly, train your employees thoroughly. Protect your company by preparing your employees to handle any scenario while on the job.
At Swarts, Manning & Associates, we provide a unique perspective on all of your commercial coverage options, and we help to determine which carrier best fits your business needs. We strive to find you the broadest coverage at the best available rate. Give us a call to get started: (833) 878-2820.
Each week, Swarts, Manning & Associates covers relevant topics for your business. Stay tuned to hear more discussions about managing your insurance and industry-specific tips.
