Every business owner tries to protect the safety and well-being of their customers, but accidents and mistakes do happen. Perhaps a customer slipped and fell in your store, or a client might claim that an accounting error caused significant financial damages to their company. Both general and special liability insurance provide vital protections for your business, covering the costs of valid claims and the expense of defending yourself against spurious accusations. Here’s a closer look at how each type works so you can determine the breadth of your coverage needs.

The Differences Between General & Liability Insurance

What Does General Liability Cover?

A general liability insurance policy covers some of the most common claims businesses might face, including injuries sustained on your property or customers hurt by defective products. It will also cover damages caused by an employee working on a customer’s property as well as a wide range of other situations.

Even a home-based business may need general liability coverage if you regularly have clients come to your house. While the standard home insurance policy will cover accidents and injuries that occur on your property, business activity is generally excluded.

Who Needs Special Liability Insurance?

Those who have access to a client’s equipment or work in a high-responsibility profession may need an additional layer of protection. Special liability coverage pertains to instances of professional negligence or errors committed in the course of your duties to the customer. For instance, an IT client may claim that you made a mistake that resulted in a data breach, or a customer may sue for damages related to incorrect accounting advice. Architects, engineers, tax preparers, and other professionals may also need this specialized coverage to protect their investments and provide clients with peace of mind.

No matter what industry you’re in, Tammy Ross Insurance will ensure your business has the protection you need at the best possible rates. This independent agency serves businesses throughout Wingate, NC, delivering detailed advice and tailored policies from several of the nation’s leading carriers. Visit their website for more on their commercial coverage options, get regular tips and advice on Twitter, or call (704) 233-4981 for your free liability insurance quote.