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Anxious man judged by different people pointing fingers at him. General Liability Insurance.

When it comes to health, home, and auto insurance, we rarely think twice about purchasing adequate coverage in the event of an accident or some other unforeseen liability. The same is not always true of small business owners. Yet, protecting your company from claims of negligence is equally imperative.

As a savvy business owner, you invest time, talent, and treasure into your company. All of which could be wiped away by an inevitable disaster, burglary, or lawsuit. As you proactively manage and mitigate risks, ensure your small business has general liability insurance. This coverage offers peace of mind and provides a safety net to safeguard your hard-earned investment in the event of an unexpected, unforeseen, and unfortunate incident.

What is General Liability Insurance?

General liability insurance protects you, your company, and your employees from third-party bodily injury, property damage, and personal/advertising injury claims. If you are an incorporated business, it covers the executive officers, directors, and stockholders. Additionally, these policies typically include coverage for volunteers.

This type of insurance protects you if someone holds your small business responsible for a specific incident or outcome. It will cover costly medical expenses, property repair bills, legal fees, court payments, and lawsuit settlements/judgments. These claims often arise from incidents that happen during typical business operations.

Bodily Injury

For example, a customer slips and falls in your clothing store after you mop the floor. As a result, the customer fractures an ankle and sues you for the medical costs associated with the injury. If this happens, your general liability insurance will offset the expenses connected with this bodily injury.

Property Damage

For instance, you lease the building your restaurant is in, and a kitchen fire ruins part of the structure. Your landlord sues you for damages. In this case, your general liability insurance will cover the costs associated with the property damage.

Slander

To illustrate, you debut a new, creative, and unique advertising campaign. After launching it, a competitor sues you for slander. Under these circumstances, your general liability insurance will pay for the legal fees and settlements/judgments affiliated with the claim. 

General liability insurance is essential coverage to help structure your business for success in the future. There is a chance that you may never need it to kick in and perform its job. But when similar scenarios as the ones above happen, you will be delighted and fortunate to possess protective measures in place that one time a costly mishap goes wrong. In some cases, general liability insurance may prevent your business from having to close up shop due to a lawsuit.

Does Your Small Business Need General Liability Insurance?

Four out of ten small business owners are likely to face a property or general liability claim within the next ten years. Accordingly, the straightforward answer is presumably yes! Many small businesses can be protected with a simple policy, as it is the most affordable and broad. Typically, it is a great starting point before adding needed coverage for employees, secondary properties, or cyber protection. Additionally, this coverage is often part of a business owners policy (BOP).

Depending on the scope of work, your risks could be completely different from another small business. Therefore, you can tailor your policy and implement supplemental coverage if needed.

Other factors contributing to your general liability insurance costs and coverage limits include business location, size, recent claims, and policy details. For example, a higher-risk business, such as a construction company, may pay more in premiums and require increased coverage compared to a small, local clothing store.

Peace of Mind with DRS Insurance Group

Are you willing to risk your business and experience the potential for insurmountable debt? Claims will happen, and losses can occur at any moment. Give yourself the peace of mind of knowing you have the right coverage to protect life’s unexpected, unforeseen, and unpredictable moments. DRS Insurance Group works with numerous insurance carriers to acquire the best coverage for your budget.  

Looking for a better Small Business Insurance Policy? Get a Quote through DRS Insurance Group.

Anxious man judged by different people pointing fingers at him. General Liability Insurance.

When it comes to health, home, and auto insurance, we rarely think twice about purchasing adequate coverage in the event of an accident or some other unforeseen liability. The same is not always true of small business owners. Yet, protecting your company from claims of negligence is equally imperative.

As a savvy business owner, you invest time, talent, and treasure into your company. All of which could be wiped away by an inevitable disaster, burglary, or lawsuit. As you proactively manage and mitigate risks, ensure your small business has general liability insurance. This coverage offers peace of mind and provides a safety net to safeguard your hard-earned investment in the event of an unexpected, unforeseen, and unfortunate incident.

What is General Liability Insurance?

General liability insurance protects you, your company, and your employees from third-party bodily injury, property damage, and personal/advertising injury claims. If you are an incorporated business, it covers the executive officers, directors, and stockholders. Additionally, these policies typically include coverage for volunteers.

This type of insurance protects you if someone holds your small business responsible for a specific incident or outcome. It will cover costly medical expenses, property repair bills, legal fees, court payments, and lawsuit settlements/judgments. These claims often arise from incidents that happen during typical business operations.

Bodily Injury

For example, a customer slips and falls in your clothing store after you mop the floor. As a result, the customer fractures an ankle and sues you for the medical costs associated with the injury. If this happens, your general liability insurance will offset the expenses connected with this bodily injury.

Property Damage

For instance, you lease the building your restaurant is in, and a kitchen fire ruins part of the structure. Your landlord sues you for damages. In this case, your general liability insurance will cover the costs associated with the property damage.

Slander

To illustrate, you debut a new, creative, and unique advertising campaign. After launching it, a competitor sues you for slander. Under these circumstances, your general liability insurance will pay for the legal fees and settlements/judgments affiliated with the claim. 

General liability insurance is essential coverage to help structure your business for success in the future. There is a chance that you may never need it to kick in and perform its job. But when similar scenarios as the ones above happen, you will be delighted and fortunate to possess protective measures in place that one time a costly mishap goes wrong. In some cases, general liability insurance may prevent your business from having to close up shop due to a lawsuit.

Does Your Small Business Need General Liability Insurance?

Four out of ten small business owners are likely to face a property or general liability claim within the next ten years. Accordingly, the straightforward answer is presumably yes! Many small businesses can be protected with a simple policy, as it is the most affordable and broad. Typically, it is a great starting point before adding needed coverage for employees, secondary properties, or cyber protection. Additionally, this coverage is often part of a business owners policy (BOP).

Depending on the scope of work, your risks could be completely different from another small business. Therefore, you can tailor your policy and implement supplemental coverage if needed.

Other factors contributing to your general liability insurance costs and coverage limits include business location, size, recent claims, and policy details. For example, a higher-risk business, such as a construction company, may pay more in premiums and require increased coverage compared to a small, local clothing store.

Peace of Mind with DRS Insurance Group

Are you willing to risk your business and experience the potential for insurmountable debt? Claims will happen, and losses can occur at any moment. Give yourself the peace of mind of knowing you have the right coverage to protect life’s unexpected, unforeseen, and unpredictable moments. DRS Insurance Group works with numerous insurance carriers to acquire the best coverage for your budget.  

Looking for a better Small Business Insurance Policy? Get a Quote through DRS Insurance Group.

CONnect with us

DRS Insurance Group is an independent insurance agency located in Indialantic, Florida. Our team is here to help you with a quote, analyze your current coverage, and answer any questions you have.

To find out how much we can save you on your insurance, fill out the form, give us a call at (321) 733-6253, or email us at [email protected].