No one ever wants to anticipate a lawsuit against their company, but it can happen. If it does, you want to be prepared. There are three important types of business liability coverage you should look into having:
- General liability coverage – This coverage protects you in the event you are being sued because of accident, injury or claims of negligence.
- Product liability coverage – This coverage protects you in event your company makes a product that is defective or causes injury/damage.
- Professional liability coverage- If your business provides a service this type of insurance protects against errors and negligence.