Business Liability Insurance may mean the difference between making money, and losing everything that you own. Liability insurance is necessary to protect you as well as your business, in the event of an accident. This is important whether you operate a DBA business, where you are the only employee, or if you have a larger business, with more than a few employees.
Although none of us like to think about it, it's important to realize the possibility of accidents. After all, all you have to do is pick up a newspaper or turn on the TV to see that they are a regular occurrence. Without business liability insurance business owner will be responsible for any accidents that occur. This could mean financial disaster both personally and for the business.
One particular private business owner had an employee operating machinery in a restaurant where he had been hired to perform a contract job. This employee tripped a circuit, and all of the restaurants electrical power was cut off. Needless to say, this was not a big deal, as the restaurant was not open at the time. This worker simply reset the circuit and everything seemed fine. Two days later the contractor received a phone call from the restaurant's owner. It seems that when the electricity was restored, the lobster tank had not been turned back on, and all of the lobsters had died.
We all know that in this day and age every medical procedure is very costly. Without insurance, could have become a sizable loss for the restaurant.
Doctors, lawyers, and many other high paid professionals require business liability insurance. This ensures that in the event of a malpractice suit, these people will be covered for it, rather than personally financially responsible.
Before opening your business, you will want to remember to obtain business liability insurance.
Although none of us like to think about it, it's important to realize the possibility of accidents. After all, all you have to do is pick up a newspaper or turn on the TV to see that they are a regular occurrence. Without business liability insurance business owner will be responsible for any accidents that occur. This could mean financial disaster both personally and for the business.
One particular private business owner had an employee operating machinery in a restaurant where he had been hired to perform a contract job. This employee tripped a circuit, and all of the restaurants electrical power was cut off. Needless to say, this was not a big deal, as the restaurant was not open at the time. This worker simply reset the circuit and everything seemed fine. Two days later the contractor received a phone call from the restaurant's owner. It seems that when the electricity was restored, the lobster tank had not been turned back on, and all of the lobsters had died.
We all know that in this day and age every medical procedure is very costly. Without insurance, could have become a sizable loss for the restaurant.
Doctors, lawyers, and many other high paid professionals require business liability insurance. This ensures that in the event of a malpractice suit, these people will be covered for it, rather than personally financially responsible.
Before opening your business, you will want to remember to obtain business liability insurance.
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Get a business liability insurance quote from multiple top carriers to ensure you are getting the best rates for the comprehensive general liability insurance coverage your business needs.
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