Regardless of the size and type of business business owners need to discuss

Publish Date : 2020-10-21


Regardless of the size and type of business business owners need to discuss

General liability insurance:

Businesses encounter the risk of legal issues that come in the form of liabilities. Having general liability insurance covers business owners from legal liability because of injuries, illnesses, accidents or negligence. The insurance coverage bears the cost of medical expenses because of the above issues. It also covers issues such as having hurt the reputation, the cost and process of litigation, etc.

General liability insurance is useful for businesses who deal with employees, vendors and investors. Unless included public liability is not covered under this policy. However, compared to public liability, general liability offers a wider coverage, therefore is a bit expensive.

Regardless of the size and type of business, business owners need to discuss with an insurance advisory in advance to get an optimal coverage.

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