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Liability Insurance for Small Business

Liability Insurance for Small Business

As a small business owner trying to make your business grow, you will face difficult challenges along the way. Having liability insurance for small businesses somehow gives you the peace of mind that you need to make sure that your business is adequately protected from present and future risks. Small business owners can be understood by a small business providing liability insurance for small businesses.

Like you, Keystone Risk Management Inc. is a small business that understands the importance of developing a plan for continued financial security. Liability insurance for small business is one of our products that can work with you. We can help you to determine the right composition of the insurance benefits for you and your business.

The Need for Liability Insurance for Small Business

Day-to-day operations of your business bring about uncertainties that you need to manage. Liability insurance for small business is something that you, as a small business owner, cannot do without. Accidents are inevitable as risks can only be reduced. No matter how much you’ve planned, something will always be amiss.

Liability insurance can help cover medical expenses, legal fees and damages that you are legally responsible for. Liability insurance for small business can also offer protection against situations where you need to provide an opinion, make recommendations, design solutions, or offer a service that is at risk for a professional liability lawsuit.

Coverage of Liability Insurance for Small Business

Liability insurance for small business covers four main categories of events for which your business could be held liable. These are:

  • bodily injury,
  • property damage,
  • personal damages (including libel and slander), and
  • false advertising

Liability insurance protects small businesses from damages that may result from any event based on the four categories mentioned above. These damages that your policy protects you from may include:

  • general damages,
  • future losses,
  • compensatory damages, and
  • punitive damages

To protect your small business from these damages, it is important for you to have an accredited liability insurance broker who understands the specific activities of your business and the risks involved with these activities. Keystone Risk Management will be glad to look into your business and perform analysis on what areas need protection.

Protect your business today by talking to us about liability insurance for small businesses.