The world of personal insurance plans for your home, health, car, or family can be confusing enough, but if you are a small business owner, you take on a whole new level of responsibility and set of insurance plans to sort through and navigate.
There are a lot of different insurance options and levels of coverage out there for businesses to utilize. How do you know exactly which plans and insurance coverage apply to your specific business?
Link Hellmuth insurance agents are experts in helping small business owners, like you, decipher and select the best options for business insurance in Springfield, Ohio.
We are here to help business owners be sure they are covered, depending on what type of business they own and operate. We never want you paying too much, too little, or for the wrong coverage. We help you acquire insurance policies that are as unique as your business.
One of the most common types of Business Insurance is general liability insurance which is also referred to as commercial liability insurance.
What Does Commercial General Liability Insurance Cover?
General liability insurance is designed to cover your business in the event that a claim is filed against you by someone outside of your business. This usually includes bodily or personal injury and property damage.
For example, if you were an electrician and a mistake you made on a job in someone else’s home caused a fire. Your liability insurance would cover the cost of damage caused in your client’s home.
If you own a store front and a customer is injured in your store, general liability insurance would cover their medical expenses for the injury that occurred.
As a small business owner, you will likely be found responsible when someone is hurt within your business property or if property damage is caused by your business operations. This is why general liability insurance is very important and will be very handy should these incidents ever occur.
Does My Business Need General Liability Insurance?
Again, our insurance agents are always available to help you decipher which insurance plans are best for your business. If any of the following applies to your business, chances are you will need general liability Insurance,
Interact Face to Face
If your business requires face to face interaction, then you will need general liability insurance. Whether clients are coming into your office or you are meeting them at their home, place of work, or in the community, there is always a risk when meeting face to face that an accident or injury could happen.
Utilize Third Party Locations
Whether you are renting out a meeting space or hosting an event, general liability insurance will have you covered for any business related events, meetings, or operations in any location.
Do Business on Other’s Property
If your business requires you to enter into someone else’s home, business, or place of work, you need general liability insurance. No matter the service you are providing, there is a risk that damage could be done to your client’s property and you want your business to be covered for these damages.
Advertise Your Business
If you advertise for your business general liability insurance can be helpful as it would help cover your business if you violate any trademark or copyright laws in your advertising or any content you create for your business.
As you can see, there are very few businesses who wouldn’t benefit from general or commercial liability insurance. Whether you are starting a new business or looking to see if you can save money on your current business insurance, Link Hellmuth Insurance agents are available to help you find the best coverage at the best price.