Running a small business means looking after all aspects of that business. At the same time as focusing on your success, you should also be prepared for the possibility that something might go wrong, and clients could take legal action against you. These situations can be very costly when they do occur, but the good news is that general liability insurance for small business can cover you in the event of any legal action.
General liability cover is a specific kind of insurance for your business. It protects against certain circumstances, such as a customer becoming injured at your place of business, or any damage caused by your employees as part of their work. In the event that your business or employee was negligent, this type of insurance can still protect you against damage to property and any injury caused.
You should bear in mind that general liability does not protect your business from every kind of liability. It may be wise to combine it with another kind of liability insurance, depending on what kind of business you run. Your insurance broker will usually be able to recommend a specific package for you. It is a very good idea to read over the policy carefully to make sure you are aware of what you are, and are not, covered for.
General liability cover is absolutely vital to the successful running of any small business. No matter what kind of business you run, if there is any kind of risk of legal action then you should consider general liability insurance for small business. All it costs is a fixed monthly fee compared to the thousands of dollars that legal action could cost you.