As a small business owner, protecting against claims of bodily injury or property damage caused by your employees or products is vital to the success of your business. To do so, there are several types of coverage you should consider.
Firstly, general liability insurance provides coverage for bodily injury or property damage caused by your business operations, including those caused by your employees or products. This type of insurance also covers legal fees and court costs if you are sued as a result of the claim.
Additionally, you may want to consider product liability insurance, which provides coverage for claims that arise as a result of a product that you sell or manufacture.
Employment practices liability insurance can be helpful if you are concerned about employee actions that may result in a claim, such as wrongful termination or discrimination.
It is also essential to ensure that your business has adequate workers' compensation insurance, which provides coverage for employees who suffer on-the-job injuries.
While obtaining these types of insurance can provide some protection against claims, it's important to note that there may be limitations or exceptions to the coverage provided. For example, intentional acts of harm may not be covered by insurance policies.
To ensure you have adequate protection, it's best to work with an insurance agent or attorney who can help you evaluate your risks and determine the appropriate coverage for your business.
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