Comprehensive protection that keeps up with your industry.
General liability insurance provided by Strickler Insurance.
Owning a business opens up yourself to a wide variety of financial risks. One of those risks is liability. Grow and develop your business without fear of the risks. Learn about liability insurance and how it can help your business and it’s future.
What Is Business Liability Insurance?
Liability is essentially The state of being responsible for something, specifically under the law you are responsible for something. Liability insurance protects you from being legally responsible for specific things. For instance property damage. Say you own a delivery company and one of your delivery drivers backed over a client’s mailbox. You will be held liable for replacing and repairing the damage is caused by your employee backing over the mailbox. If a lawsuit were to come about, liability insurance would help protect you in this situation. It would also potentially help pay for the cost of the damages. Note, this example is only half true. This would fall under your auto liability coverage not your business liability insurance, but if your employee fell while unloading a package and broke the mailbox with his fall, then his injuries and the damages caused to the mailbox would fall under business liability insurance.
What Does Business Liability Insurance Cover?
Business liability insurance helps protect the financial assets of the company and the business owner when they are subjected to a formal lawsuit. Business liability insurance will cover direct financial liabilities or legal defense expenses. So for example, it covers the damages to the mailbox and the lawsuit that was incurred. This is a more generalized example. There are very specific risks that your business could be held liable for. Some of those risks include:
- Property Damages
- Copyright Infringement
- Bodily Injury Or Harm
- Personal Injury Caused By An Advertisement
- Reputation Damages
What are reputation damages or injuries caused by advertisements? Essentially these are damages that could we consider defaming a person or business or negatively impacts a business. For instance, say your business was to run an advertising campaign against a competitor pointing out personal failures by the business owner, you could be held liable for defamatory remarks and marketing. This can be a costly lawsuit. Make sure you are protected in this situation.
Digging Deeper Into What Commercial Liability Insurance Covers
Business liability covers proper damages claims, medical expenses, in court costs. These risks might not seem likely today, it is amazing how quickly you can be held liable for simple issues. Do not cubby caught unawares without liability insurance.
Liability insurance does not cover everything. With these are general statements above, it is important to note that commercial auto insurance will cover damages or injuries caused by a vehicle’s damages. So technically, the example above involving an employee running over a mailbox is not covered by business liability insurance, but it is covered by business auto insurance liability.
Get Business Liability Insurance Coverage For Your Business
Adding commercial liability insurance to your policy will help protect your business. A wide range of businesses gets commercial liability insurance coverage. Almost every business we provide insurance for has some form of business liability insurance.
Does My Business Need Business Liability Insurance Coverage?
You will not need commercial liability insurance until you do. What do we mean by this? Insurance is purchased preemptively. You technically can function as a business without insurance (except for insurance required by the government), but the moment an injury occurs, a lawsuit ensues or a fire starts. That is the moment you will wish you had commercial liability insurance. If you do not have commercial liability insurance for your business you will not be covered for
How Much Does Commercial Business Liability Insurance Cost?
It depends on how much commercial liability coverage you get. It also depends on your business and what needs to be covered. A business that works with explosives should have much more liability coverage than a business that works with paper clips. This is so that your business is correctly covered and protected in the event of a claim. Your business’s liability insurance can be as low as $30 a month. Seldomly do businesses pay more than $100 a month for liability insurance.
Is My Business Required To Have Business Liability Insurance?
Your business is only required to have liability insurance if it is professionally licensed by the state. If your business does not have insurance, this is a great place to start.
Business Liability Insurance Small Business Insurance
Liability for small businesses is so important. If a small business is held liable for a simple claim, it could result in the business shutting down. The financial cost of liability claims and lawsuits can be extremely large. A business owner will have to deal with the lawsuit manage and appear in court, and this will hurt the business since they are not managing the business during this time frame. Getting small business liability insurance will help your small business continue to exist in the future.
Getting commercial liability insurance for your small business will help protect your business from unforeseen costs. Whether you need commercial liability insurance business insurance for your LLC or your small business we can help provide you the correct insurance coverage for your small business. Many people just look for cheap business insurance, but we want to provide you affordable commercial liability insurance small business insurance that also provides quality commercial liability insurance coverage.
Pennsylvania Business Liability Insurance
Strickler Insurance is located in Lebanon Pennsylvania. In our over 160 years of providing liability insurance, we know the importance of having this coverage for your PA business. Contact Stricker insurance to speak with our commercial insurance specialists. We will provide some of the best liability insurance for your business in Pennsylvania.
Get A Business Liability Insurance Quote
Strickler Insurance is a commercial liability insurance agency that is dedicated to your organization’s growth. Contact us for a free insurance quote for your business. We provide insurance in Pennsylvania, New York, New Jersey, Maryland, Delaware, and Virginia.
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