What Is Small Business General Liability Insurance All About?
30 September 2010
Why should I get general liability insurance for my small business? I am really careful, and nothing has happened yet that would make me think I needed it. What would be the reason behind getting it now? This is common of a lot of business owners asking this type of question. General liability insurance has been around for a while, so why would people ask that? General liability insurance offers a scope and type of coverage that is hard to duplicate in the business world.
You can get several hundred thousand dollars of general liability insurance coverage for just a couple hundred dollars a month, and some times cheaper. There are larger policies, running into the millions, and you can choose from a wide variety of places and types of coverage within those policies. Really, for the benefit, you just cannot beat general liability insurance for the ratio of deliverable benefit to cost.
General liability insurance gives you freedom and flexibility, too. You are able to run your business completely without thought as to the risks that you take every single day putting your trucks out on the street. It is very difficult, in fact, to calculate the total amount of liability exposure you have as a business owner by having multiple vehicles out around town, because of the variables in the numbers. The sheer number of people you pass by, not to mention the other vehicles, is staggering. Get general liability, and worry no more.