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Finding the Right Liability Insurance

Finding the Right Liability Insurance

Finding the Right Liability Insurance

After an accident, you could face a legal battle. Do you have the right insurance?

Despite our best efforts and most calculated and careful actions, accidents happen. We live in a society where an accident can quickly result in a lawsuit against the at-fault person. Fortunately, this is where general liability insurance steps in.

This coverage is protection that a business acquires to safeguard themselves against expenses that come along with being sued. Whether the company was responsible or not for the bodily injury or property damage, the unexpected can happen, and it’s important to be protected.

General liability insurance may be purchased by itself or can be bundled with your business insurance policies. To get started on selecting this type of coverage here’s what you need to know!

Determine the Right Amount of Coverage
Before you choose your general liability insurance limits, you should evaluate the degree of risk that you’re facing. Ask yourself how likely it is that bodily injury, property damage, the need for employment practices insurance, etc. may occur within your business or outside of it. Is there heavy machinery that can result in bodily injury or death? If there is, your chance of being sued has skyrocketed – and you’ll need insurance limits to match your exposure.

The Basics
If your business is involved in an accident and is deemed at fault, the insurer that holds your policy is responsible for paying legal costs. They are legally obligated to pay the liability claims (up to your policy limits) that include personal injury, property damage, bodily injury, and any damage sustained from false advertising.

For those businesses with excessive threats or vulnerabilities to their company, an umbrella policy should be purchased to provide additional protection on top of the general liability that is already in place.

Each employer and business owner should take precautionary measures to ensure that an incident doesn’t happen. Of course, accidents happen, but you can slash your risks with proper planning, caution, and safety policies.

With reliable business insurance, you can focus on growing your company! Visit Remland Insurance – Our expert agents know the risks of each business and can take steps to safeguard your company.

COVID-19

The COVID 19 virus has certainly changed our lives for the short term both at home and at work. Our office is working in compliance with state and local officials and their request to minimize contact with others for the short term so that we can shorten the life of this virus.
As such, our offices will be available by phone or by e mail 8-5 Monday thru Friday. If you need to make an appointment to come by, please call us before you drop by, so we can reduce risk, and take care of our staff and just be safe.
Please don’t hesitate to call us and if for some reason you can’t reach us, please look at our website for carrier contact information. Thank You for your continued business.

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