Stayin' Alive: Protecting Your Business
As an owner or potential owner of a business, you have many important decisions to make about your operations, and insuring your business and protecting your assets is one of the most crucial.
According to the Independent Insurance Agents of America, no matter how large or small your business, you face liability, which means that your business could be held accountable when someone else suffers an injury or damage to their property because of something your business did nor did not do. General liability includes:
Bodily Injury - includes sickness, disease, or death sustained by a person or persons.
Property Damage - includes physical damage to someone else's property and loss-of-use of the damaged property.
Personal Injury or Advertising Injury - personal injury refers to harm to another person's reputation or basic rights, such as the right to privacy. Advertising injury refers to harm caused by an advertisement, such as an ad slandering a competitor.
Products and Completed Operations Injury - product coverage is extended to any harm that a business' reputation might cause, including injury arising from "completed operations" such as repair work or electrical installations.
You will need to carefully consider the limits that are sufficient to cover the type of work you are doing, the product you are selling, and the amount of interaction you have with the public.
Remember, no two businesses are alike. Call us at (626) 839-6061 to help you design an insurance program specifically tailored to meet your needs, and protect your business from the many risks you face in your daily operations.
We are pleased to provide this "Bulletin" as a service to you. While this information was obtained from sources believed to be reliable, its accuracy is not guaranteed. It does not change or alter insurance contracts or coverages.
License # 0655631
Tech Topics