Does Your Small Business Have Liability Insurance?

Owning a small business is a great accomplishment. Putting your own ideas and passion into a physical company makes a dream a reality. But in the everyday reality, there are chances for accidents and injury to happen. In the case of a small business, liability insurance is needed incase of an accident by one of your employees or customers. Many do not understand that there are many types of liability insurance and the benefits of each. Liability insurance is known as a commercial insurance that protects your business incase of a lawsuit case against your business. The different type of liability insurance that you may need depends on the type of small business you own. General liability insurance, also known as Commercial General Liability, protects your business from bodily injury claims associated with medical costs. Professional liability insurance is protection for another persons claim against businesses that provide professional and personal services. A combination of General Liability insurance and professional liability insurance is known as Business Owners Policy.
When you have decided what liability insurance policy is best for your small business, make sure to obtain a Certificate of Liability Insurance. This certificate is a pager that details what liability insurance policy you obtain for your small business. Other details on the certificate include the limits of your coverage, the issuing insurance company, your policy number, the name, and the policy effective dates. Acquiring this certificate is a vital aspect when having liability insurance. If you would like to look into liability insurance for your small business, give Spivey Insurance Group a call at 704-821-4460. Share your small business with us on Facebook, Twitter, Pinterest, and Google Plus!

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