If you do not yet have a commercial liability insurance policy, there may be some things that you need to know. There are many misconceptions about what these types of policies provide. One of the most concerning is the assumption that employers insurance will cover the same types of liabilities as public coverage. In reality, one is for the coverage of employee accidents, while the other is designed to protect you against accident claims filed by all others who visit your property.
Another misconception is that public coverage only needs to be purchased if the business is frequented by customers or clients. The truth is that even businesses that do not host customers or clients still need to be protected, as there will certainly be other visitors that enter your business from time to time. It is important to note that even one accident can be quite costly, and therefore insurance coverage is very important.
Commercial liability insurance is not intended to replace employers insurance, but compliment it by offering a full range of protection. Different levels of coverage are offered, and you will be able to select a policy size that you can afford. To find out what the current rates are, use the free online quote system. By entering just some basic information, you will be able to view the latest pricing as it applies to you.
