Business Liability Insurance Atlanta GA
Powder Springs, GA
Personal Chef Services/Catering Services
Business Liability Insurance
Business liability insurance is a general liability policy that protects a company or business owner in the event of a lawsuit or third-party claim. Business liability insurance includes general liability insurance, professional liability insurance and product liability insurance. Insurance brokers can help you determine which type of business insurance you need to be safe.
First though, it may help to understand what this type of policy does for you. Business liability insurance will cover the financial liability of the business in addition to legal defense expenses. This can be particularly important depending on the type of ownership of your business. For example, a sole proprietorship or LLC will want small business insurance because these forms of ownership can put you at personal risk in the event of a lawsuit. Even if your legal structure offers some protection it may not remove you from personal risk of loss.
Consulting with professional small business insurance brokers can help you determine exactly what you need. For example, general liability may already be covered if you have a comprehensive policy. It is important when discussing liability insurance options that you consider professional insurance which will not duplicate any existing small business insurance you already have. This way, you can pay once for solid coverage and not pay twice for the same small business insurance under different policies. For example, there is no sense paying for product liability insurance coverage if you provide a service rather than a product. Insurance brokers can help you sort it out so you have what you need in business liability insurance.