Does Your Business Need Liability Insurance?

An often overlooked area of business, especially for home business owners, is insurance.  However, if you entertain clients in your home or retail office, then it is important for you to consider purchasing liability insurance.  If someone claims to have been injured or had property damaged as a result of being in your business location, then this is the type of insurance that covers you.  Not only will it cover your legal cost in defending the claim, but it will also pay compensation to the injured party if it is found that you are at fault.

While many of us want to believe, “it cannot happen to us,” it is best to be protected if someone claims he slipped and broke his leg while coming up your home office steps or was injured by a falling box in your retail location.  Some policies also help in other situations, such as if your office was destroyed or your business documents were lost.

If you are looking for public liability insurance, talk to a knowledgeable insurance company such as Direct Line for Business who can customize a policy for you.  Consider starting with the company that covers you for other insurance, like home, rental and auto.  You may be able to work out a multiple policy discount if this company has a business division, too.