American Eagle Insurance Blog
General liability insurance, also known as business liability coverage, can protect you from various claims. It includes physical harm, property damage, personal injury, and other business operations issues. It helps you to qualify for leases while still protecting your small company from the high costs of litigation.
Is General Liability Insurance Necessary for Your Small Business?
Many other small businesses need this protection, mainly if they either lease their own industrial or business space. It is known as an effective tool for small businesses that operate directly with clients and customers. If your client or rival threatens you, this insurance policy will help keep your business alive.
Is General Liability Insurance Legally Required?
In most cases, no, but governments can impose it on certain businesses, such as construction. Although general liability insurance isn't needed by law, your lender, insurance provider, or clients are likely to require it.
Your business may be required to show liability insurance as proof of general liability insurance protection by a customer. This statement refers to the business's ability to manage workers' compensation and potential damage claims.
Tips for Obtaining a General Liability Policy
To apply, you must have some essential details about your business. It contains the following:
Is General Insurance Essential for Independent Contractors?
Like small business owners, contractors can be charged and held liable for customer injuries, property damage, or advertisement injuries. You may ask your clients to add you as an added insurance to their policies. It will cover you for the period of your employment with the client who insures you. And once the contract ends, the coverage ends.
The owner can eradicate the dangers that come with hiring employees. Your employee can unintentionally cause damage or make a statement about a client that leads to a civil process. Most customers wouldn't work with you unless you proved you're insured, and having general liability can help you get customers.
At American Eagle Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (225) 667-7377. Get your free quote today by CLICKING HERE.