General liability, also known as “commercial liability insurance” is a broad commercial insurance policy that covers general liability exposures of a business. It is a very important aspect to have in place while conducting business. In it's most basic form, a general liability policy is going to protect your business from bodily injury and/or property damage caused by you (or your employees) during the course of business. Most times, this is the first coverage item required by landlords (if you are renting space), customers, or the person/business subcontracting work to you. Many will require at least $1 million in general liability coverage, making sure your business is adequately covered in the event of a lawsuit or claim. Most general liability policies will pay defense attorney fees and damages when you are legally responsible.
The truth is that anyone who comes in contact with your business could file a claim and/or lawsuit against you. It is imperative to carry an adequate limit of insurance that would protect you in a time of need. After all, if you cannot financially “protect” your assets and business, a large law suit could essentially stop the continuation of it.
If you are thinking of starting a business, no matter how big or small, one of the first things you need to do is obtain General Liability Insurance. Depending on what your business is, this may be all you need to start. Our agents at Snyder Insurance Agency can help you determine the best coverage to start with & build upon that once your business takes off!
We have multiple companies we can quote in order to make sure you are receiving the most competitive pricing on your business' general liability policy.
Every trade & profession is different, let us put together a business liability program that works best for you.