If you own a small business, general liability insurance is a must to protect your assets. Without liability coverage, you could be held liable for injuries or property damage sustained by customers on your business property. A serious bodily injury claim could ruin your company before it has a chance to get off the ground.
Liability coverage from The Billy Davis Insurance Group will safeguard your Merrillville, IN business against hefty liability claims that can deplete your assets. The following steps can help you determine just how much liability coverage your business needs.
Evaluate Your Business
Evaluate your business to see what kind of protection you need. The type of business you run, your customer base, business location and experience of employees all play a role in determining insurance needs. Take time to monitor business operations to determine high-risk areas for liability. The greater your risk of liability, the more coverage you’ll need to protect your business assets.
Boost Liability Coverage
Once you’ve determined your risks, assess your current insurance coverage to see how it fares in protecting your business. In addition to bodily injury and property damage protection, your commercial coverage should protect you against lawsuits in the event you are accused of copyright breaches or slander.
If you feel your liability policy falls short of protecting your business, consider ways to boost your coverage. Umbrella insurance offers a viable option to increase bodily injury limits while policy endorsements can provide you with additional protection against cybercrimes or other dangers not covered by your current policy.
For greater insight into commercial insurance options and costs, contact an agent from The Billy Davis Insurance Group in Merrillville, IN. We can help you select a commercial insurance package that’s sure to meet your company’s growing needs.