If you own a business in Lincoln, NE, you already know you need business insurance. What you may not realize, however, is that you may also need general liability insurance in addition to the coverage you already have in place. This is essential for many businesses, and the helpful and knowledgeable agents at Davidson Insurance Agency can work with you to ensure you have all the coverage you need.
Why Your Business Needs General Liability Insurance
Without general liability insurance, you leave yourself, and your assets, vulnerable to lawsuits brought on by third parties. If a customer, client, or any other third party is injured, either on your property or by using one of your products, you could be named and held liable in a lawsuit. The legal fees alone can be astronomical, even for small, straightforward cases. You could also be responsible for paying for any medical expenses and property damage, which can also be exceedingly high.
How General Liability Insurance Protects You
General liability insurance protects you, your business, and your assets from third party claims. Most policies cover damage to a third party’s property; medical expenses incurred by an injured third party; non-physical injuries, including defamation and slander; and attorneys’ fees, court costs, and other legal expenses.
With liability insurance, if a judge or jury rules in the other party’s favor, your policy pays the amount awarded, up to its limits. If you didn’t have this insurance, you could lose your business, assets, and property to cover any award amount. Such actions could ruin your business and leave you struggling financially.
Fortunately, Davidson Insurance Agency specializes in all types of insurance and can ensure you have the right coverage to protect you and your business from financial harm. Visit them online, or call their office at (402) 423-4357 to discuss all your liability insurance needs with an experienced agent.