Whether the business is operated out of the home or has locations all over the world, the owner would do well to secure general liability insurance in Suffolk County NY and keep the insurance up to date. This type of coverage provides a number of benefits that make it easier to overcome events that would otherwise drive the company into bankruptcy. Here are some examples of what this kind of insurance can accomplish.
Paying for Legal Fees
When the company is sued for certain types of actions, the provisions of the General Liability Insurance in Suffolk County NY will help to pay the legal costs involved in mounting a defense. For example, if a customer is injured in a fall and there is some doubt as to who is responsible, the insurance provider will provide help with legal fees. In the best case scenario, it can be proved that the company was not at fault and the matter can be settled quickly.
Covering Different Types of Events
This type of liability coverage is helpful with a number of events that can occur in a place of business. This includes bodily injuries, libel, and slander claims, and even product liability in various forms. In order to know what sort of limits are included in terms of the covered events, it pays to read the provisions of the policy carefully.
Building Customer Confidence
Having general liability insurance in place can also be utilized as a way to attract new customers. The fact that the company owner maintains this type of coverage does provide some amount of protection for those customers. This means that, if a client is looking for someone to build a gazebo in the back yard, knowing that the contractor has this type of coverage ensures any medical costs resulting from injuries occurring as the result of an action by an employee will be paid in full is helpful.
To learn more about general liability insurance and what it can do for a business owner, contact us today. Arrange to sit down with an agent and go over the scope of the coverage, what sort of limits would be right for the business operation, and how much the plan will cost. It won’t take long to work out the details and make sure the business is adequately covered.
