Quick & Easy Overview of Liability Insurance for Business

We’ll make this easy.

You need liability insurance but have some questions. No problem! Check out our quick overview of what liability insurance is, what it covers and how you can get a quote.

What is liability insurance for business?

Liability insurance provides coverage for bodily injuries and property damage resulting from your business’ products, advertising, services, or operations. 

Essentially, it is your business’ safety net for when something goes wrong.

For example, let’s say you own a food truck. In a recent stop, you learn that several customers feel sick after eating your food. You offer refunds and apologize. Unfortunately, a few decide to file suit against you.

Your liability insurance will cover these costs and your legal fees.

Read more: How to Avoid Common Commercial Insurance Pitfalls

What does liability insurance for business cover?

As our example above illustrates, it’s important to remember you’re insuring more than just the initial damage. Your liability insurance limit should also include considerations for other resulting damages and legal fees in the event of a lawsuit.

Every business’ liability risks are unique to them. But, generally speaking, your business’ liability insurance will include coverage for things like:

• Legal fees

• False advertising accusations

• Damaged property

• On-premise injuries

• And more

Read more: How to Help Your Small Business Employees Save for Retirement

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