General Liability Insurance in Justin, Texas
As a business owner, you must do everything possible to protect your investment. No matter what business you own or plan on owning, you will need insurance. The types and amount of coverage will vary from business to business, but every company needs some form of general liability insurance.
What Is General Liability Insurance?
General liability insurance is a policy that helps protect a business from claims that it caused bodily injury or property damage to a third party. If a business does not have general liability insurance, it would have to pay for potentially costly claims out of pocket.
What Does General Liability Insurance Cover?
General liability insurance covers costly claims that can occur during business operations. These policies include coverage for the following claims:
- Third-party bodily injury provides coverage if a customer is injured in your place of business.
- Third-party property damage helps pay for replacement fees or repairs if you or an employee damage someone else’s property.
- Reputational harm provides coverage if your business or an employee is sued for libel or slander.
- Advertising injury helps pay for fees related to being sued for copyright infringement.
Why Do You Need General Liability Insurance?
General liability insurance may not be legally required, but it is strongly encouraged. Liability claims are not uncommon, and they can be costly for businesses to pay out of pocket. In fact, 90% of all businesses experience a lawsuit at some point, and the average liability suit costs at least $54,000. Businesses may also need general liability insurance to work with other business partners.
General Liability Insurance Quote in Justin, TX
If you want to learn more about general liability insurance, contact American Truck Insurance Services. We will be able to help you find the coverage you need to provide protection for your business and assets.