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4 Benefits of General Liability Insurance

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You’ve worked tirelessly to build your business and help it succeed. Now, how can you protect such a valuable asset? Having a general liability insurance policy is one of the best ways to do so. This type of coverage can be invaluable in case of claims such as property damage, medical expenses, and bodily injury. With that in mind, let’s look at the reasons you should invest in general liability insurance.

Advantages of General Liability Insurance for Small Businesses

1. Protects You From Circumstances Beyond Your Control

Accidents happen every day, and there’s no way you can prepare for every eventuality. Perhaps a customer slips on your freshly waxed floors, or you have a client accuse you of something such as false advertising. These kinds of incidents can catch even the most prepared business owner off-guard. Having the right general liability policy will help give you greater peace of mind that you won’t lose your livelihood if issues like these happen to you.

2. Financial Well-Being

As a small business owner, you are undoubtedly concerned about your bottom line. You probably haven’t set aside any portion of your budget to pay for accidents or damages. General liability insurance can also provide you with financial confidence. You’ll be able to focus on the day-to-day needs of your business without worrying about cash flow issues if someone brings a claim against your company.

3. Fewer Worries About Injuries

The more often clients come into your business for in-person meetings, the greater the chances of an injury claim will become. Instead of losing sleep over this, you can feel confident about knowing your general liability insurance policy gives you more options.

4. Have Defense in Your Corner

Small business owners must play many roles to be successful, but representing yourself legally doesn’t have to be one of them. Although you can’t always prevent incidents from occurring at your business, the right general liability insurance policy can cover your defense costs and attorney’s fees, so you won’t need to worry about paying for these costs out of pocket.

General Liability Insurance That Fits Your Needs

At Contractors Mark, we can use our experience and industry knowledge to help you find a general liability insurance policy for your small business. Call us today to learn more about our brokerage or request a quote.

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