Almost everyone has auto and homeowners insurance policies, but if you don’t have liability insurance, you may be putting your assets at risk. The staff at Kalita Agency helps customers in Watertown, CT, reduce that risk with the right insurance policy.

Here, they explain who needs liability insurance and why it’s important.

Who Needs Liability Insurance?

Almost everyone should have liability insurance. At the very least, you need this coverage as part of your homeowners and auto insurance policies. Liability insurance protects you if someone gets hurt on your property, or if you hurt someone or damage something with your car.

Liability insurance is also important for business owners. If anyone gets hurt on your company’s premises, the injured party will come to you for the hospital bill. Additionally, if someone gets hurt using your products or services, your business may be liable for damages.

Why Do You Need Liability Insurance?

Without liability insurance, your personal assets are on the line. This is true even if your business is at fault, especially if you’re operating under a sole proprietorship or partnership. That means if someone trips and falls on your company’s property, they may end up suing you personally to pay the medical bills for their broken bones. Depending on how badly they were hurt, this may bankrupt you.

Getting sued for damages doesn’t always mean you or your company was at fault. In many cases, you can get sued just because an accident happened on your property. While you can’t prevent all accidents, you can protect your assets with coverage.

Liability insurance is necessary to safeguard the fruits of your labor. That includes your home, cars, savings, and retirement account. Instead of leaving them in harm’s way, give the staff at Kalita Agency a call at (860) 274-8882 to draft a policy that protects you and your family. They also offer other personal insurance products. Visit their website to get an insurance quote today!