General liability insurance protects your business assets in the event there is a charge against your business. Commonly recognized as “business liability insurance, business insurance, asset protection insurance, or shareholders insurance” simply because it does exactly that, it insures assets and shareholders.
Commercial liability insurance not only protects you from most horrible cases you can think of, but also from events you can’t imagine. If you’re looking for the best general liability insurance for small business then go to wynninsuranceagency.com/commercial-insurance.html.
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Civil cases usually do not result in jail time, but often in settlements or judgments in which one party receives liquidated damages. Carelessness is the most general civil evil. Commercial liability insurance can help protect your business from the ruinous and disastrous impacts of gross negligence cases.
Business or commercial liability insurance can protect you against carelessness. A simple example of negligence would be the traditional example of someone slipping into her workplace. While you may not have done anything to contribute to this person’s downfall or any resulting harm, you may be responsible.
The person who fell might say that her floor was more than reasonably wet, or that a rug had a lump. Another example is as simple as someone walking into your workplace when someone else is leaving. In this case, both parties can be injured and claim that the door did not have adequate security to prevent injury.
Basically, it can happen that fast, your business can be charged in a negligence case, and you can throw away everything you worked so hard for. Not only does this happen every day, but negligence cases are among the best and growing classes of lawsuits being filed today.