Business Liability Insurance
It takes a lot of time, energy, and financial resources to keep your business running smoothly. It’s important to protect your investment from the economic consequences of lawsuits and other legal actions. Whether your business is a C corp, S corp, Individual, Partnership, Sole Proprietorship, LLC or any other form of company, legal defense costs and court judgments can strain your finances for years to come or put you out of business altogether. You need a strong Business Liability Insurance program to protect your business from financial disaster.
Why do you need Business Liability Insurance?
When someone claims a bodily injury or property damage due to your business premises or operations, resolving the situation can take some of the time, effort, and money you need to run your company. An injured person may demand payment for medical bills, lost wages, and other expenses. When property is damaged, the owner will want it repaired or replaced. If a damaged party files a lawsuit, legal fees, and court costs can get expensive.
Liability Insurance protects your company from the financial costs of claims and lawsuits. Your liability insurance company will set up a claim file on your behalf and investigate to determine fault. If you are legally liable, they will pay the damages. If the claim has no merit, they will defend your company until the case is concluded.
What kind of liability coverage is right for your business?
Your business is your biggest asset. It requires the best protection possible. It’s important to select Business Liability Insurance coverage options that are tailored to fit your specific needs.
- Choose liability Insurance as part of a Businessowners Insurance package policy or a stand-alone General Liability policy.
- Consider endorsements that protect new locations, additional insureds, lessors, contractors, and other exposures.
- Choose policy limits from $100,000 to multiple millions to protect your business from large claims and excessive court judgments.
Other liability coverages to consider
It’s important to review all liability exposures that may lead to financial losses for your business. You can tailor your Business Liability Insurance program with specialized coverages for circumstances inherent to your business.
- Professional Liability
- Directors and Officers Liability
- Liquor Liability
- Employment Practices Liability
- Errors and Omissions Liability
- Cyber Liability
“It is with great pleasure that I recommend all of the staff at TM Burgess Insurance agency. In the landscaping industry we are often asked for documentation of our insurance coverage, often with specified wording and stipulations. Once I forward this information request to Burgess I know that I can move on to the next task. Each and every time that I have made a request, it has been properly and timely handled – with a copy forwarded to my e-mail for my records. Their professionalism and personal service go above and beyond any agency that I have ever worked with.”