Find Affordable Cars in West Virginia
Find Affordable Cars in West Virginia At the time of writing this article, interest rates on car loans are above the 6% on average. That’s
For many business owners, general liability insurance is the first insurance policy they secure. General liability insurance provides coverage against claims in which someone is injured or their property is damaged as a result of the work or product your business performs.
Construction, retail, and wholesale-type businesses in West Virginia are fraught with mishaps and accidents. This kind of insurance is designed to cover medical expenses or compensation to the claimant so that your business isn’t covering their costs directly out of pocket.
General liability insurance represents a significant portion of all the insurance issued to businesses across the country and is the foundation for most all business insurance. Typically, general liability insurance covers the following:
Additionally, general liability can cover your business’ brand. For example, a TV ad might inadvertently harm another business through its messaging, and this could be grounds for legal damages. This is called advertising injury and most general liability policies include protection of this, as well as coverage should your business be found liable for copyright infringement or reputational harm.
A standard general liability insurance policy is broken down into 3 parts:
Coverage A: Bodily Injury and Property Damage
Coverage B: Personal & Advertising Injury
Coverage C: Medical Payments
These three parts will cover you in multiple different areas:
For many business owners, the risks of not having general liability insurance outweigh the benefits. In West Virginia, most businesses are required to show proof of insurance, and fines for not having insurance can be significant. Even if you aren’t required by law to have a general liability policy, clients, your landlord, or a certifying agent for your line of work may require proof of coverage.
Because of the importance of general liability coverage, many business owners opt to start a policy at the time they establish their business. Providing proof of insurance is a great way to prove to your customers and your community that your business is reputable and ready to offer services. For general contractors, liability insurance is a critical component of protecting your personal assets in the event of a filed claim. Possession of a general liability insurance policy allows the business the ability to weather the financial burden of settling the claim without having to take out significant personal capital or capital from the business itself. The same can be said for retail and wholesale establishments. From hardware stores to nail salons, protection against claims where an accident threatens your businesses’ very existence is a necessity.
The professionals at the United Security Agency of Bridgeport can quickly help you get your business insured. Because of the way United Security Agency works for you, a tailored insurance program chosen from a host of reliable and secure insurance companies will be selected, giving you peace of mind when it comes to business coverage.
The team at USA will explain to you all the policy language, and ensure you get the coverage your business needs.