Unlucky Liability: How The Right Coverage Protects Your Business

With St. Patty’s Day right around the corner, everyone has luck on the brain, but if you’re going without general liability coverage for your business, your luck could be running out.  Simply insuring your space, your transportation, and even your materials just isn’t enough, and it leaves many gaps that could send you under a devastating financial avalanche in the event of an unexpected catastrophe.  General liability protects your business against a variety of costly issues, including:

• personal injury claims and property damage.  If someone injures themselves inside of your store, one of your work vehicles accidentally backs over their mailbox, this type of coverage can bridge the gap that might otherwise end up costing you a significant amount of cash.
• reputation harm.  This protects, essentially, your reputation.  It protects you against false claims, the violation of your privacy rights, and more.
• copyright infringement (to a certain extent) and other advertising mistakes.  If you accidentally use copyrighted materials in your marketing efforts, fail to give credit for something you pulled offline, etc., this coverage can help protect you from a costly lawsuit.
• medical payments.  If someone is injured at, or because of, your business, this coverage protects you against their medical claims coming out of your pocket.

There are a multitude of other small details covered by general liability protection, which is why we consider it vital to any business owner.  No matter your business type, size, or location, this type of insurance could end up being what saves your business and your livelihood if something unexpected happens.  We know that starting a business can be intimidating, and with the various policies and coverage you are required to carry, you might be resistant to take on any more.  We would love to chat with you about exactly which coverages are best for your own unique business, and help you develop an effective and affordable plan to protect yourself.  Give us a call or stop by our Winter Haven office so your lucky day won’t turn into a nightmare.