Importance of Liability Insurance
Business owners have a responsibility to third parties - customers, suppliers, the community and property belonging to third parties.
Being held accountable for incidents that impact others can negatively impact your company reputation and finances if not managed effectively.
Covers your company for legal costs and compensation costs you have to pay if found liable due to death, injury, loss of or damage to property, or economic loss due to negligence in connection with your business.
Compensation for personal injury and or property damage caused by products sold or supplied by your company if you are legally liable. It is designed to help protect your company by ensuring you don't have to pay any legal or court costs.