One of the worst things that a business owner can encounter is a lack of business owner insurance when facing a liability claim.
The right business owner policy covers more than just the obvious perils related to business operations.
Sometimes, it is the simple accidents and mistakes that can cost business owners the most.
Owners who choose an experienced local insurance agency that regularly handles these policies can be sure they have the right coverage to protect their companies!
The Simplest Accidents Can Create The Most Liability
When business owners take out business liability insurance policies, most worry about the serious accidents that could happen on their property and how to protect themselves against liability.
Ironically, many of the worst, and most damaging accidents can happen from as little as someone tripping and falling.
Underestimating the financial losses related to these accidents can leave some business owners believing their business owner policy is more than sufficient to cover expected losses, especially if their risk level is minor.
Unfortunately, believing a minor accident cannot lead to extensive financial damages to the business is a mistake.
Business Owners Need Effective Liability Insurance
To sufficiently protect any small business, insurance agents recommend purchasing more than enough coverage for those just-in-case moments.
When something as seemingly benign as someone falling on a business property can result in hundreds of thousands of dollars in financial liability, it is impossible to assume how much an accident can cost.
Business owner policies must be purchased according to worst-case scenarios for them to actually protect the business and its owners.
Learn Why Business Liability Insurance Is So Important
In this video Brad Hurt, partner at Service Insurance Group, talks about how even the most innocuous mistake can threaten a business unless the owners have protected themselves with comprehensive business owner liability insurance.
Protect Businesses With Sufficient Liability Coverage
Business owners put their entire lives into financing and growing their companies.
Without sufficient business owner insurance, all of that hard work can be lost with as little as a minor mishap.
Let an experienced insurance agent help by advising on the proper business owner policy.
A protective business owner policy can get a small business through the financial liabilities that can spring up unexpectedly while still leaving the company intact!
